Dell Technologies (NYSE:DELL) Reaches New 12-Month High – What’s Next?

Posted by Stanley Muller on Aug 4th, 2026

Dell Technologies logo Dell Technologies Inc. (NYSE:DELL – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $473.38 and last traded at $475.1770, with a volume of 3825299 shares traded. The stock had previously closed at $429.02.

Dell Technologies News Roundup

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

Positive Sentiment: Broad AI-server rally: Dell and other server makers surged as investors embraced a risk-on move across AI infrastructure stocks. Dell’s strong exposure to data-center hardware continues to attract buyers, although the rally lacks a clear company-specific catalyst. Dell and Super Micro Rally 10%, Hewlett Packard Enterprise Climbs 6% as AI Server Stocks Surge
Positive Sentiment: Expanded storage distribution: D&H Distributing is adding Dell’s complete storage portfolio, potentially broadening channel access and supporting sales of Dell’s enterprise storage products. The announcement did not provide financial targets. D&H Distributing Expands Dell Offering With Addition of Complete Dell Storage Portfolio
Positive Sentiment: AI ecosystem involvement: Nvidia and Michael Dell participated in Volta Infra’s $300 million funding round, alongside $5 billion in additional financing. The deal reinforces Dell leadership’s engagement with emerging AI-cloud infrastructure, though Michael Dell’s participation is personal and does not represent a direct Dell Technologies investment. Nvidia, Dell Back AI Cloud Startup Volta at $2.4 Billion Value
Neutral Sentiment: Technical and analyst support: Recent coverage characterizes Dell as a momentum stock trading near potential buy points, with analysts raising profit estimates. Dell’s latest reported quarter also substantially exceeded consensus revenue and earnings expectations, supporting the bullish narrative. Dell Leaps Amid AI Server Demand Surge; Two More Stocks On Watch For Rising Profit
Neutral Sentiment: Michael Dell also invested personally in June AI, an enterprise software-implementation startup. This signals interest in AI applications beyond Dell’s hardware business but has no immediate reported impact on Dell’s revenue or earnings. Dell Just Got Closer To June AI Through Michael Dell’s Investment
Negative Sentiment: Reversal risk: Reports caution that the sector-wide surge lacks a clean catalyst and could reverse if investors take profits. With Dell trading near its 52-week high, elevated expectations may increase volatility if AI-server demand or future guidance disappoints. AI Server Stocks Surge

Analyst Upgrades and Downgrades

DELL has been the topic of several recent analyst reports. Royal Bank Of Canada started coverage on shares of Dell Technologies in a research report on Friday, May 29th. They set an “outperform” rating on the stock. Bank of America lifted their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 29th. 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 research note on Friday, May 29th. TD Cowen boosted their target price on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, Truist Financial lifted their price objective on Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $494.67.

View Our Latest Research Report on Dell Technologies

Dell Technologies Price Performance

The firm has a market capitalization of $303.29 billion, a PE ratio of 37.17, a P/E/G ratio of 0.87 and a beta of 1.33. The business has a 50-day simple moving average of $407.73 and a 200-day simple moving average of $251.76.

Dell Technologies (NYSE:DELL – Get Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The company’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, research analysts expect that Dell Technologies Inc. will post 17.77 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies’s payout ratio is 20.02%.

Insider Activity

In other news, Director Lake Group L.L.C. Silver sold 16,679 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $396.37, for a total value of $6,611,055.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of Dell Technologies stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the transaction, the director directly owned 43,961 shares of the company’s stock, valued at approximately $19,938,071.94. This represents a 44.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,434,758 shares of company stock worth $1,448,870,683. Insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Byrne Asset Management LLC purchased a new position in Dell Technologies during the 2nd quarter valued at $38,000. Atwood & Palmer Inc. lifted its position in shares of Dell Technologies by 860.0% during the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock worth $41,000 after purchasing an additional 86 shares during the last quarter. Allied Private Wealth LLC bought a new stake in shares of Dell Technologies during the second quarter worth $63,000. Elevation Wealth Partners LLC boosted its stake in shares of Dell Technologies by 5,900.0% during the second quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company’s stock valued at $78,000 after purchasing an additional 177 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

About Dell Technologies

(Get Free Report)

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.