Dell Technologies (NYSE:DELL) Sets New 12-Month High – Still a Buy?

Posted by Francis Steltz on Sep 17th, 2026

Dell Technologies logo Dell Technologies Inc. (NYSE:DELL – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $568.67 and last traded at $557.18, with a volume of 3326381 shares traded. The stock had previously closed at $534.28.

Trending Headlines about Dell Technologies

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

Positive Sentiment: Goldman Sachs raised its outlook for the global server market, projecting it could reach $1.5 trillion by 2030, supported by a 39% compound annual growth rate from 2025. The forecast reinforces expectations for sustained demand for Dell’s AI servers and data-center equipment. Why Dell Technologies stock is gaining
Positive Sentiment: Recent coverage highlighted Dell’s record AI-optimized server revenue of $16.4 billion, a raised fiscal 2027 AI-server revenue target of $74 billion, and total revenue guidance of $192 billion. A substantial backlog and ongoing supply constraints suggest growth could remain strong. Dell’s AI server backlog
Positive Sentiment: Dell is scheduled to enter the S&P 100 before the open on September 21, which could generate incremental buying from index-tracking funds. The company also expanded its AI ecosystem through a collaboration with Axelera AI for the Europa processing architecture. Dell AI demand and S&P 100 entry
Neutral Sentiment: Dell subsidiaries completed a $5 billion senior-notes offering. The proceeds should support liquidity and debt refinancing, although the borrowing highlights the capital requirements of expanding AI infrastructure capacity. Dell senior-notes offering
Negative Sentiment: Silver Lake-affiliated directors disclosed additional sales of Dell shares totaling more than $60 million on September 14, following sizable sales on September 11. The transactions create a potential supply overhang, though the affiliated entities continue to hold substantial positions. Dell insider ownership filing

Analyst Ratings Changes

DELL has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $558.00 target price (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. Royal Bank Of Canada initiated coverage on shares of Dell Technologies in a research report on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a report on Thursday, September 3rd. They issued a “hold” rating and a $480.00 price objective on the stock. Morgan Stanley boosted their target price on Dell Technologies from $434.00 to $499.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Cantor Fitzgerald assumed coverage on Dell Technologies in a research note on Wednesday, September 2nd. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $560.24.

Get Our Latest Report on Dell Technologies

Dell Technologies Price Performance

The company has a market capitalization of $365.09 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.34. The firm’s 50-day simple moving average is $459.06 and its two-hundred day simple moving average is $333.89.

Dell Technologies (NYSE:DELL – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company 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 for the quarter was up 57.7% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. 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. On average, analysts expect that Dell Technologies Inc. will post 25.14 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be issued 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 0.4%. Dell Technologies’s payout ratio is currently 14.63%.

Insiders Place Their Bets

In other news, Director Silver Lake Partners V. De (Aiv sold 14,242 shares of Dell Technologies stock in a transaction on Monday, September 14th. The stock was sold at an average price of $534.05, for a total transaction of $7,605,940.10. Following the completion of the transaction, the director owned 24,237 shares of the company’s stock, valued at $12,943,769.85. The trade was a 37.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 24,791 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $534.05, for a total transaction of $13,239,633.55. Following the completion of the sale, the director directly owned 46,873 shares in the company, valued at approximately $25,032,525.65. The trade was a 34.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,681,793 shares of company stock worth $834,887,936. 41.50% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Dell Technologies by 7.6% in the first 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 purchasing an additional 1,011,101 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dell Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock valued at $939,808,000 after buying an additional 108,011 shares in the last quarter. Deutsche Bank AG lifted its stake in Dell Technologies by 24.6% in the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company’s stock valued at $694,489,000 after buying an additional 1,090,336 shares in the last quarter. Norges Bank acquired a new stake in Dell Technologies during the 4th quarter valued at $607,349,000. Finally, Wellington Management Group LLP increased its position in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after buying an additional 1,474,347 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

About Dell Technologies

(Get Free Report)

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.