Dell gains as investors continue to lean into its AI server growth story

Dell Technologies (DELL) is up 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued momentum from Dell’s recent blowout quarterly report and raised outlook, which reinforced the view that the company is one of the clearest beneficiaries of enterprise AI infrastructure spending. This could also reflect investors continuing to reward hardware names with visible demand, large backlogs, and exposure to Nvidia-powered server deployments.

Details:

Dell’s May 28 earnings release showed record first-quarter fiscal 2027 revenue of $43.8 billion, up 88% year over year, alongside guidance for the second quarter and full year.

Management said on its earnings call that AI demand remained exceptionally strong, with $24.4 billion in AI orders during the quarter, $16.1 billion in AI server revenue, and a record $51.3 billion AI backlog exiting the period.

The company also highlighted new AI infrastructure products and expanded enterprise offerings at Dell Technologies World, supporting the idea that investors see a longer runway for growth beyond one quarter.

Recent SEC materials also show Dell completed a large June debt offering, which may be viewed as giving the company additional financial flexibility while it scales with demand.

Sources:

Dell Technologies Investor Relations, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DELL Insider Trading Activity

$DELL insiders have traded $DELL stock on the open market 1448 times in the past 6 months. Of those trades, 0 have been purchases and 1448 have been sales.

Here’s a breakdown of recent trading of $DELL stock by insiders over the last 6 months:

LAKE PARTNERS IV, L.P. SILVER has made 0 purchases and 219 sales selling 1,204,855 shares for an estimated $507,151,363.
IV (GP), L.L.C. SLTA has made 0 purchases and 168 sales selling 3,102,508 shares for an estimated $500,440,405.
V (GP), L.L.C. SLTA has made 0 purchases and 168 sales selling 3,102,508 shares for an estimated $500,440,405.
SPV-2, L.P. SL has made 0 purchases and 219 sales selling 1,108,129 shares for an estimated $466,789,273.
LAKE PARTNERS V DE (AIV), L.P. SILVER has made 0 purchases and 219 sales selling 522,810 shares for an estimated $219,463,387.
WILLIAM F SCANNELL (Chief Customer Officer) sold 143,067 shares for an estimated $23,606,055
ELLEN JAMISON KULLMAN has made 0 purchases and 4 sales selling 150,346 shares for an estimated $21,820,312.
JEFFREY W CLARKE (COO & Vice Chairman) sold 116,000 shares for an estimated $21,167,680
DAVID W DORMAN has made 0 purchases and 4 sales selling 41,292 shares for an estimated $16,760,156.
LAKE TECHNOLOGY INVESTORS IV, L.P. SILVER has made 0 purchases and 219 sales selling 19,943 shares for an estimated $8,372,003.
RICHARD J ROTHBERG (General Counsel & Secretary) sold 20,000 shares for an estimated $8,200,000
JANE TUNNELL (Chief Marketing Officer) sold 28,529 shares for an estimated $4,350,957
LAKE TECHNOLOGY INVESTORS V, L.P. SILVER has made 0 purchases and 219 sales selling 9,003 shares for an estimated $3,779,235.
DAVID ALAN KENNEDY (Chief Financial Officer) sold 19,500 shares for an estimated $3,559,335
JENNIFER D. SAAVEDRA (Chief Human Resources Officer) sold 10,200 shares for an estimated $1,479,000
RICHARD TROY SHARP (Chief Accounting Officer) has made 0 purchases and 3 sales selling 2,838 shares for an estimated $799,524.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive DELL Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$DELL Hedge Fund Activity

We have seen 827 institutional investors add shares of $DELL stock to their portfolio, and 784 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JANE STREET GROUP, LLC added 5,292,113 shares (+654.4%) to their portfolio in Q1 2026, for an estimated $868,594,506
MORGAN STANLEY removed 5,235,786 shares (-44.1%) from their portfolio in Q1 2026, for an estimated $859,349,556
GOLDMAN SACHS GROUP INC added 2,668,464 shares (+67.7%) to their portfolio in Q1 2026, for an estimated $437,974,996
INVESCO LTD. added 2,445,854 shares (+50.4%) to their portfolio in Q4 2025, for an estimated $307,884,101
DEUTSCHE BANK AG\ removed 2,342,181 shares (-42.5%) from their portfolio in Q1 2026, for an estimated $384,422,167
JPMORGAN CHASE & CO removed 2,223,692 shares (-51.2%) from their portfolio in Q4 2025, for an estimated $279,918,348
WELLINGTON MANAGEMENT GROUP LLP removed 1,663,571 shares (-61.2%) from their portfolio in Q1 2026, for an estimated $273,041,908

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DELL Congressional Stock Trading

Members of Congress have traded $DELL stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $DELL stock by members of Congress over the last 6 months:

REPRESENTATIVE JOHN MCGUIRE sold up to $15,000 on 06/04.
SENATOR MARKWAYNE MULLIN sold up to $50,000 on 02/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$DELL Analyst Ratings

Wall Street analysts have issued reports on $DELL in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 01/20/2026
Citigroup issued a "Buy" rating on 01/20/2026
Barclays issued a "Overweight" rating on 01/15/2026

To track analyst ratings and price targets for $DELL, check out Quiver Quantitative's $DELL forecast page.

$DELL Price Targets

Multiple analysts have issued price targets for $DELL recently. We have seen 15 analysts offer price targets for $DELL in the last 6 months, with a median target of $500.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $500.0 on 06/01/2026
Mark Newman from Bernstein set a target price of $500.0 on 06/01/2026
Erik Woodring from Morgan Stanley set a target price of $448.0 on 06/01/2026
Katherine Murphy from Goldman Sachs set a target price of $500.0 on 06/01/2026
Tim Long from Barclays set a target price of $550.0 on 05/29/2026
Samik Chatterjee from JP Morgan set a target price of $500.0 on 05/29/2026
Matthew Niknam from Truist Securities set a target price of $360.0 on 05/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.