Dell Technologies (NYSE:DELL) Hits New 12-Month High - What's Next?

Key Points

• Dell shares reached a new 52-week high, trading as high as $595.51, after the company reported quarterly EPS and revenue above analyst expectations. Revenue rose 57.7% year over year, supported by strong AI-server demand.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $560.24. Dell is also joining the S&P 100 and collaborating with the Artificial Intelligence Office on agentic AI capabilities.
• Valuation and insider selling present risks: two directors sold roughly $90 million of stock combined, while one analysis warned of potential 67% downside if AI-related growth expectations weaken.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $595.51 and last traded at $587.5630, with a volume of 11707072 shares trading hands. The stock had previously closed at $568.06.

Key Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Analysts at Zacks included Dell among top-ranked AI-server stocks, citing surging demand, record backlogs and stronger guidance as data centers expand AI infrastructure. This reinforces the bullish outlook following Dell’s latest earnings beat and rapid revenue growth. Zacks AI-server portfolio article
• Positive Sentiment: Dell is joining the S&P 100, an index addition that can improve the company’s visibility and potentially generate incremental demand from funds that track the index. The move also highlights Dell’s increased scale and market importance. TipRanks S&P 100 article
• Positive Sentiment: Dell is collaborating with the Artificial Intelligence Office to develop national capabilities in agentic AI. The initiative could strengthen Dell’s positioning in government and enterprise AI deployments, although financial details were not disclosed. Artificial Intelligence Office collaboration
• Neutral Sentiment: Separate partnerships in Pakistan focused on digital transformation and technology training for 5,500 students may support Dell’s long-term ecosystem and brand presence, but they are unlikely to materially affect near-term earnings. SI Global partnership
• Negative Sentiment: Two Dell directors sold approximately $42 million of stock combined. Insider selling can weigh on sentiment, particularly after the shares’ substantial rally, although such transactions do not necessarily indicate deteriorating business fundamentals. Director stock sale Second director stock sale
• Negative Sentiment: A Seeking Alpha analysis argues that Dell’s valuation leaves substantial downside—estimated at 67%—if AI-related growth expectations moderate. The warning highlights elevated execution risk and the possibility that the stock has priced in much of its expected growth. Seeking Alpha valuation analysis

Wall Street Analyst Weigh In

A number of research firms recently commented on DELL. TD Cowen upped their price objective on Dell Technologies from $450.00 to $500.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. Raymond James Financial upped their price target on shares of Dell Technologies from $500.00 to $617.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 target price for the company in a research report on Wednesday, September 2nd. Finally, Wolfe Research cut shares of Dell Technologies from a "peer perform" rating to a "peer perform" rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $560.24.

Dell Technologies Stock Up 0.5%

The firm has a market cap of $369.89 billion, a PE ratio of 33.14, a P/E/G ratio of 0.59 and a beta of 1.34. The firm's fifty day simple moving average is $464.52 and its two-hundred day simple moving average is $339.93.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies's revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the completion of the sale, the director directly owned 64,209 shares of the company's stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the sale, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,930,768 shares of company stock valued at $976,053,164 over the last 90 days. 41.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Premier Financial Group purchased a new position in Dell Technologies during the 2nd quarter valued at approximately $34,000. Wellington Altus USA Inc. grew its holdings in shares of Dell Technologies by 38.4% in the second quarter. Wellington Altus USA Inc. now owns 1,475 shares of the technology company's stock valued at $636,000 after purchasing an additional 409 shares in the last quarter. Revere Asset Management Inc bought a new stake in Dell Technologies in the second quarter worth $5,524,000. Sequoia Financial Advisors LLC raised its stake in Dell Technologies by 4.5% during the second quarter. Sequoia Financial Advisors LLC now owns 50,146 shares of the technology company's stock valued at $21,636,000 after purchasing an additional 2,176 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in Dell Technologies by 4.4% during the second quarter. MCF Advisors LLC now owns 2,377 shares of the technology company's stock valued at $1,026,000 after purchasing an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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