Dell Technologies (NYSE:DELL) Stock Price Down 6.6% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) fell 6.6% during trading on Wednesday . The company traded as low as $427.54 and last traded at $437.51. 7,002,244 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 8,248,913 shares. The stock had previously closed at $468.65.

Key Dell Technologies News

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

• Positive Sentiment: AI server momentum remains the primary catalyst. Recent coverage highlights record revenue, strong AI server demand, institutional buying and Dell’s transition from a traditional PC maker into a major AI infrastructure supplier. Analysts cited in the coverage expect further upside, with Evercore ISI forecasting a potential move to a new record high. Wall Street sets Dell stock price target for next 12 months
• Positive Sentiment: Analysts remain constructive on Dell relative to other AI infrastructure names. A Zacks comparison argues that Dell’s stronger earnings momentum, diversified business and AI server demand could provide more upside than Snowflake, supporting the bullish investment case. Snowflake vs. DELL: Which AI Infrastructure Stock Is the Better Buy?
• Positive Sentiment: Alienware extended its Team Liquid esports partnership for five years. The agreement runs through 2031 and expands beyond sponsorship into co-development of peripherals and esports infrastructure, potentially supporting Alienware’s product development and brand reach. Dell Technologies Extends Esports Partnership For Five More Years
• Neutral Sentiment: Dell will report fiscal 2027 second-quarter results on September 1. The upcoming earnings release and conference call may become the next major catalyst as investors look for confirmation that AI-related orders, revenue growth and guidance remain on track. Dell Technologies to Hold Conference Call September 1
• Negative Sentiment: Valuation and rally-related risks may be weighing on the stock. Dell has risen more than 230% in 2026 and trades near its record high, increasing the likelihood of profit-taking and heightened sensitivity to any slowdown in AI orders or upcoming earnings expectations.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Wells Fargo & Company increased their price target on Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Piper Sandler boosted their price objective on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Melius Research set a $565.00 target price on Dell Technologies in a report on Friday, May 29th. Finally, HSBC raised shares of Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.71.

Dell Technologies Price Performance

The company has a market capitalization of $283.55 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.33. The stock’s 50 day simple moving average is $425.18 and its 200-day simple moving average is $278.93.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was up 87.5% compared to the same quarter last year. 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. On average, equities analysts predict that Dell Technologies Inc. will post 18.17 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s payout ratio is 20.02%.

Insider Buying and Selling

In other news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $15,814,486.26. Following the sale, the director directly owned 43,961 shares in the company, valued at approximately $19,938,071.94. This trade represents a 44.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $31,160,919.24. Following the transaction, the director directly owned 67,990 shares of the company’s stock, valued at $30,836,184.60. The trade was a 50.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,434,758 shares of company stock worth $1,448,870,683 over the last ninety days. Insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Campbell Capital Management Inc. raised its position in shares of Dell Technologies by 34.0% during the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after purchasing an additional 20,362 shares during the period. ProShare Advisors LLC grew its stake in Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after buying an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Dell Technologies during the fourth quarter worth about $23,332,000. Plato Investment Management Ltd acquired a new stake in shares of Dell Technologies in the 2nd quarter worth about $5,913,000. Finally, Gabelli Funds LLC lifted its position in Dell Technologies by 49.0% in the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock valued at $7,565,000 after purchasing an additional 15,150 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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.