Mitchell Capital Management Co. Makes New $6.01 Million Investment in Dell Technologies Inc. $DELL

Mitchell Capital Management Co. purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,790 shares of the technology company’s stock, valued at approximately $6,009,000. Dell Technologies accounts for approximately 1.1% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors have also bought and sold shares of DELL. Brighton Jones LLC grew its holdings in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock valued at $238,000 after buying an additional 809 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Dell Technologies by 94.8% during the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after buying an additional 2,878 shares during the last quarter. CX Institutional acquired a new position in shares of Dell Technologies during the first quarter valued at about $174,000. Finally, Focus Financial Network Inc. grew its holdings in shares of Dell Technologies by 20.9% during the first quarter. Focus Financial Network Inc. now owns 2,490 shares of the technology company’s stock valued at $227,000 after buying an additional 431 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock opened at $150.67 on Monday. The firm has a market cap of $101.31 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm’s 50-day simple moving average is $133.98 and its two-hundred day simple moving average is $117.11.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s payout ratio is currently 30.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DELL. TD Cowen lifted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Susquehanna lifted their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Argus raised their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America raised their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the transaction, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,734,418 shares of company stock valued at $666,089,211. Company insiders own 42.00% of the company’s stock.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).