Why Dell Technologies (DELL) Stock Is Down Today

Dell Technologies (DELL) is down 11.5% today. Here is some analysis on what might have caused this price movement. ([dell.com](https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2026~05~dell-technologies-delivers-first-quarter-fiscal-2027-financial-results.htm?cid=advocacy&dgc=sm&spradv=6a1d6dfc7da5e06a8fed8661))

Analysis: The most likely explanation is a sharp pullback after a huge AI-fueled rally, as investors reassess whether Dell’s recent gains already priced in much of its server growth story. This could also be because traders are reacting to margin concerns tied to AI server mix and to recent insider sale filings that can pressure sentiment after a large run-up. ([investors.delltechnologies.com](https://investors.delltechnologies.com/static-files/b63ffff9-b729-403b-a231-c6af05667759))

Details:

Dell reported very strong fiscal first-quarter 2027 results in late May, including 88% revenue growth, which helped drive a major surge in the stock beforehand and raised the bar for future upside. ([dell.com](https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2026~05~dell-technologies-delivers-first-quarter-fiscal-2027-financial-results.htm?cid=advocacy&dgc=sm&spradv=6a1d6dfc7da5e06a8fed8661))

Management said full-year AI server revenue is expected to reach about $60 billion, but it also noted that profit comparisons should exclude the impact of AI mix, signaling that this business can weigh on margins even while revenue expands. ([investors.delltechnologies.com](https://investors.delltechnologies.com/static-files/b63ffff9-b729-403b-a231-c6af05667759))

Recent SEC filings show Silver Lake entities filed notices and recorded sizable Dell share sales in June, which can add to selling pressure or reinforce profit-taking after a strong rally. ([investors.delltechnologies.com](https://investors.delltechnologies.com/static-files/b1fcb98a-c11a-489e-a3fa-6ac6a6e83768))

Dell also received unusual public attention after multiple presidential endorsements, including a July 6 event, so part of today’s move may reflect that earlier enthusiasm fading as investors rotate back to fundamentals. ([fortune.com](https://fortune.com/2026/07/07/presidents-cannot-pick-winners-white-house-ethics-lawyer-trump-dell/))

Sources:

Dell Technologies, SEC, Yahoo Finance, Fortune

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 1688 times in the past 6 months. Of those trades, 0 have been purchases and 1688 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 264 sales selling 1,419,181 shares for an estimated $599,304,244.
SPV-2, L.P. SL has made 0 purchases and 264 sales selling 1,293,920 shares for an estimated $546,669,228.
V (GP), L.L.C. SLTA has made 0 purchases and 168 sales selling 3,102,508 shares for an estimated $500,440,405.
IV (GP), L.L.C. SLTA has made 0 purchases and 168 sales selling 3,102,508 shares for an estimated $500,440,405.
LAKE PARTNERS V DE (AIV), L.P. SILVER has made 0 purchases and 264 sales selling 631,664 shares for an estimated $266,265,791.
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 264 sales selling 24,095 shares for an estimated $10,157,264.
RICHARD J ROTHBERG (General Counsel & Secretary) sold 20,000 shares for an estimated $8,200,000
LAKE GROUP, L.L.C. SILVER has made 0 purchases and 14 sales selling 16,679 shares for an estimated $6,611,124.
LYNN VOJVODICH RADAKOVICH sold 12,022 shares for an estimated $5,061,262
LAKE TECHNOLOGY INVESTORS V, L.P. SILVER has made 0 purchases and 264 sales selling 10,875 shares for an estimated $4,584,125.
JANE TUNNELL (Chief Marketing Officer) sold 28,529 shares for an estimated $4,350,957
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.

$DELL Hedge Fund Activity

We have seen 790 institutional investors add shares of $DELL stock to their portfolio, and 691 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
DEUTSCHE BANK AG\ removed 2,342,181 shares (-42.5%) from their portfolio in Q1 2026, for an estimated $384,422,167
WELLINGTON MANAGEMENT GROUP LLP removed 1,663,571 shares (-61.2%) from their portfolio in Q1 2026, for an estimated $273,041,908
TWO SIGMA INVESTMENTS, LP added 1,558,941 shares (+105.7%) to their portfolio in Q1 2026, for an estimated $255,868,986
NORDEA INVESTMENT MANAGEMENT AB added 1,396,914 shares (+180.1%) to their portfolio in Q1 2026, for an estimated $229,275,494

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 1 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

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 14 analysts offer price targets for $DELL in the last 6 months, with a median target of $500.0.

Here are some recent targets:

Amit Daryanani from Evercore ISI Group set a target price of $500.0 on 07/08/2026
Erik Woodring from Morgan Stanley set a target price of $477.0 on 06/23/2026
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
Katherine Murphy from Goldman Sachs set a target price of $500.0 on 06/01/2026
Wamsi Mohan from B of A Securities set a target price of $500.0 on 05/29/2026
Tim Long from Barclays set a target price of $550.0 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.