Dell Technologies (NYSE:DELL) Shares Up 16.7% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) rose 16.7% on Friday . The company traded as high as $298.32 and last traded at $294.97. Approximately 15,078,090 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 7,961,568 shares. The stock had previously closed at $252.80.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Analysts expect Dell to beat fiscal first-quarter estimates, with upbeat revisions and higher price targets adding to the stock’s rally ahead of earnings on May 28. Dell stock rallies as analysts show love ahead of Q1 earnings
• Positive Sentiment: AI demand remains a major catalyst, with Dell’s server backlog and revenue targets pointing to strong growth in enterprise and hyperscale AI infrastructure. Dell’s AI Data Center Expansion Gains Pace: What Lies Ahead?
• Positive Sentiment: The shares hit a fresh record and 52-week high as investors continue to re-rate Dell higher on the strength of its AI story ahead of earnings. Dell Stock Surges to Fresh Record Ahead of Earnings Next Week
• Positive Sentiment: Heavy call-option activity suggests traders are positioning for more upside into the earnings report. Dell Technologies Stock Hits 52-Week High – Here’s Why
• Neutral Sentiment: Dell also announced that an Infrastructure Solutions Group executive will present at a June investor conference, keeping the company in focus with investors but not changing near-term fundamentals. Dell Technologies to Present at Investor Conference in June
• Neutral Sentiment: Most of the recent coverage is centered on upcoming earnings and AI momentum, so the stock’s move is still largely driven by expectations rather than confirmed results. Dell Stock Leads the S&P 500 Today. Next Week’s Earnings Could Send It Higher.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DELL shares. Bank of America upped their price objective on Dell Technologies from $246.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Daiwa Securities Group upped their price objective on Dell Technologies from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. UBS Group lowered Dell Technologies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $167.00 to $243.00 in a research report on Sunday, May 10th. Piper Sandler reduced their price target on Dell Technologies from $172.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Wolfe Research assumed coverage on Dell Technologies in a research report on Thursday, April 9th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.32.

Dell Technologies Stock Performance

The stock has a market capitalization of $190.48 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The stock has a 50-day moving average price of $199.13 and a two-hundred day moving average price of $153.21.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion during the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 11.87 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, April 21st. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a yield of 0.9%. Dell Technologies’s dividend payout ratio (DPR) is presently 28.90%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Jamison Kullman sold 150,346 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director owned 65,662 shares of the company’s stock, valued at $9,529,526.06. This represents a 69.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,571,688 shares of company stock valued at $576,654,105 in the last quarter. 42.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Commonwealth Retirement Investments LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $25,000. Rossby Financial LCC grew its holdings in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after acquiring an additional 184 shares during the period. Navalign LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. Finally, WealthCollab LLC grew its holdings in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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.