Dell Technologies (NYSE:DELL) Stock Falls 1.7% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 1.7% on Monday. The stock traded as low as $565.00 and last traded at $575.8750. 5,228,588 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 8,270,015 shares. The stock had previously closed at $586.06.

Dell Technologies News Summary

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

• Positive Sentiment: CEO Michael Dell said demand for AI infrastructure should remain strong through 2030, while memory and semiconductor capacity could remain constrained for several years. Persistent shortages could support pricing and demand for Dell’s AI servers. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Positive Sentiment: Honeywell launched Forge Cognition, an industrial and building-management AI platform developed with NVIDIA and Dell technology. The partnership provides additional evidence of Dell’s role in emerging physical-AI deployments. Honeywell Technologies Launches Forge Cognition with NVIDIA and Dell Technologies
• Positive Sentiment: Dell’s broader AI strategy remains supported by its server backlog and partnerships, including a new Accenture Dell Business Group targeting private and agentic AI deployments.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DELL shares. Evercore reiterated an “outperform” rating and set a $650.00 target price on shares of Dell Technologies in a report on Wednesday, September 9th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company raised their target price on Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. US Capital Advisors set a $625.00 price objective on Dell Technologies in a research report on Wednesday, September 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dell Technologies in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $569.96.

Dell Technologies Price Performance

The company has a 50-day simple moving average of $513.10 and a 200-day simple moving average of $388.45. The firm has a market cap of $321.85 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. The firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company’s revenue was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. 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 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm 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 is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies’s dividend payout ratio is 14.63%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 46,323 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $575.43, for a total value of $26,655,643.89. Following the completion of the transaction, the director owned 22,254 shares in the company, valued at $12,805,619.22. This represents a 67.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Egon Durban sold 1,850 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the sale, the director directly owned 1,405,236 shares of the company’s stock, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,697,272 shares of company stock worth $920,162,797 over the last quarter. 41.50% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in the stock. Three Magnolias Financial Advisors LLC acquired a new stake in shares of Dell Technologies during the third quarter valued at about $215,000. N10 Wealth LLC acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at approximately $1,162,000. Israel Discount Bank of New York bought a new position in Dell Technologies in the third quarter worth about $247,000. First Citizens Bank & Trust Co. grew its stake in Dell Technologies by 305.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,273 shares of the technology company’s stock worth $2,837,000 after buying an additional 3,973 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC boosted its stake in Dell Technologies by 8.2% during the 3rd quarter. Liberty Atlantic Advisors LLC now owns 525 shares of the technology company’s stock valued at $282,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc (NYSE: DELL) is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.