Dell Technologies (NYSE:DELL) Trading Up 10.8% Following Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL) rose 10.8% during trading on Monday after Guggenheim upgraded the stock to a buy rating. The stock traded as high as $469.47 and last traded at $466.4410. Approximately 20,038,659 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 8,614,130 shares. The stock had previously closed at $420.91.

Several other brokerages have also commented on DELL. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna set a $289.00 price target on shares of Dell Technologies and gave the stock a “neutral” rating in a report on Friday. Evercore boosted their price target on shares of Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday. Melius Research set a $565.00 price target on shares of Dell Technologies in a report on Friday. Finally, Citigroup began coverage on shares of Dell Technologies in a report on Monday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $461.71.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 143,067 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the sale, the insider owned 21,779 shares of the company’s stock, valued at $3,593,535. This represents a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,071,687 shares of company stock valued at $501,560,818. 41.50% of the stock is owned by company insiders.

Dell Technologies News Summary

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

• Positive Sentiment: Wall Street sentiment turned more bullish after several firms lifted price targets, including Bernstein to a Street-high $500 and Goldman Sachs and Citic Securities also raising their targets sharply, reinforcing the view that Dell still has significant upside from AI demand. Dell Stock Soars After Bernstein Lifts Price Target to Street-High $500 on AI Boom
• Positive Sentiment: Dell’s latest results showed explosive AI server growth and a much stronger outlook, which is fueling the rally and making the stock a momentum favorite among investors. Dell Stock Surges on AI-Led Earnings, Upbeat Outlook: ETFs to Gain
• Positive Sentiment: Dell also unveiled a new $699 XPS 13 laptop aimed at competing with Apple’s MacBook Neo, adding a consumer-product catalyst alongside the AI infrastructure boom. Dell unveils $699 XPS 13 laptop in challenge to Apple’s MacBook Neo
• Positive Sentiment: Media commentary and market chatter continued to frame Dell as a beneficiary — and possibly a leader — in the AI infrastructure trade, keeping investor enthusiasm elevated. Dell Stock Is No Longer Just Riding the AI Wave. It Is Leading the Charge.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in Dell Technologies during the fourth quarter worth about $607,349,000. Wellington Management Group LLP boosted its stake in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after buying an additional 2,937,137 shares during the period. Invesco Ltd. boosted its stake in Dell Technologies by 50.4% during the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after buying an additional 2,445,854 shares during the period. Michael & Susan Dell Foundation boosted its stake in Dell Technologies by 533.3% during the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after buying an additional 2,258,797 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock worth $283,052,000 after buying an additional 1,685,529 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

The company has a market cap of $301.20 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The company’s 50 day simple moving average is $216.82 and its two-hundred day simple moving average is $159.50.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. Dell Technologies’s revenue was up 87.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 12.21 EPS for the current fiscal year.

Dell Technologies Company Profile

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.