Dell Technologies (NYSE:DELL) Reaches New 52-Week High After Analyst Upgrade

Key Points

• Dell shares reached a new 52-week high after Fox Advisors upgraded the stock to Overweight and set a $625 price target. The broader analyst consensus is Moderate Buy, with an average target of $555.46.
• Dell reported significantly better-than-expected quarterly results, with adjusted EPS of $7.04 and revenue of $46.97 billion, up 57.7% year over year. Strong AI-server demand drove results, and the company raised its fiscal 2027 revenue and EPS guidance.
• Risks remain, including component shortages, questions about the durability of AI-server margins and elevated valuation after the stock more than tripled during the year. Insiders also sold about 1.74 million shares worth $704.3 million in the last quarter.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price reached a new 52-week high on Thursday after Fox Advisors upgraded the stock from an equal weight rating to an overweight rating. Fox Advisors now has a $625.00 price target on the stock. Dell Technologies traded as high as $516.54 and last traded at $513.8310, with a volume of 8238410 shares. The stock had previously closed at $492.20.

Several other research firms also recently commented on DELL. Roth Capital assumed coverage on Dell Technologies in a research report on Friday, May 29th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday. Wolfe Research cut Dell Technologies from a "peer perform" rating to a "peer perform" rating in a research note on Friday, May 29th. Guggenheim raised shares of Dell Technologies to a "buy" rating in a report on Monday, June 1st. Finally, Bank of America raised their price objective on Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $555.46.

Insiders Place Their Bets

In other news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the sale, the director owned 8,585 shares in the company, valued at $3,417,946.05. The trade was a 94.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the company's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the transaction, the director owned 12,619 shares in the company, valued at approximately $5,024,002.47. The trade was a 91.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,738,596 shares of company stock worth $704,346,083 in the last quarter. 41.50% of the stock is owned by corporate insiders.

More Dell Technologies News

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

• Positive Sentiment: Blowout earnings and revenue: Dell reported adjusted earnings of $7.04 per share versus a roughly $4.91 consensus estimate, while revenue rose 57.7% year over year to $46.97 billion, ahead of expectations. Infrastructure Solutions Group revenue increased 89% to $31.8 billion, including $16.4 billion from AI-optimized servers. Reuters: Dell again lifts forecasts as AI demand powers record results
• Positive Sentiment: Exceptional AI visibility: AI-server orders reached $60.9 billion during the quarter and the overall AI backlog stood at approximately $95 billion. Investors view the backlog as evidence that data-center and enterprise AI spending remains based on actual deployments rather than speculation. CRN: Dell AI Server Momentum Accelerates
• Positive Sentiment: Guidance reset higher: Dell raised fiscal 2027 revenue guidance to $192 billion from $167 billion and adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance of $49 billion in revenue and $6.50 EPS also exceeded consensus estimates. Several analysts raised price targets, including JPMorgan’s move to $635 with an overweight rating. CNBC: Dell has more room to run after earnings
• Neutral Sentiment: Execution and supply risks: Management said shortages of components and other scarce parts are limiting shipments. Investors are also examining whether Dell’s AI-server growth can translate into durable margins, since hardware integration is generally lower margin than software.
• Negative Sentiment: Valuation and selling pressure: After more than tripling during the year and trading near its 52-week high, some analysts maintained Hold or Equal Weight ratings, arguing that much of the AI opportunity is already reflected in the stock. Reports also highlighted substantial insider selling, which may reinforce near-term profit-taking concerns.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of Dell Technologies by 41,141.5% during the 2nd quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company's stock worth $85,690,266,000 after buying an additional 198,123,786 shares in the last quarter. State Street Corp boosted its holdings in shares of Dell Technologies by 1.8% in the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company's stock worth $1,852,450,000 after acquiring an additional 265,740 shares during the period. Bank of America Corp DE grew its holdings in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after buying an additional 1,011,101 shares in the last quarter. Geode Capital Management LLC grew its stake in Dell Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company's stock valued at $939,808,000 after acquiring an additional 108,011 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company's stock valued at $919,051,000 after purchasing an additional 2,445,854 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

The business's 50-day moving average price is $434.61 and its 200 day moving average price is $304.63. The stock has a market capitalization of $334.16 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 529.54% and a net margin of 7.53%.The company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Dell Technologies's revenue was up 57.7% on a year-over-year basis. 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, equities research analysts predict that Dell Technologies Inc. will post 18.32 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies's payout ratio is 14.63%.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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