Capstone Financial Advisors Inc. Purchases Shares of 1,876 Dell Technologies Inc. $DELL

Capstone Financial Advisors Inc. acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,876 shares of the technology company’s stock, valued at approximately $230,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Boston Partners boosted its stake in shares of Dell Technologies by 14.9% in the 2nd quarter. Boston Partners now owns 5,896,622 shares of the technology company’s stock valued at $724,578,000 after purchasing an additional 763,745 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its position in Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after purchasing an additional 931,032 shares during the period. Finally, Invesco Ltd. lifted its stake in Dell Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after purchasing an additional 502,764 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

DELL opened at $133.79 on Friday. The stock has a market capitalization of $89.96 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02. The stock’s 50 day moving average price is $143.70 and its 200-day moving average price is $128.17. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $168.08.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen lifted their price objective on Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Daiwa Capital Markets raised their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI set a $180.00 price objective on Dell Technologies and gave the company an “outperform” rating in a research report on Monday, November 3rd. Bank of America increased their price objective on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Barclays lifted their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Insider Buying and Selling at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 6,617 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total value of $1,003,335.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the transaction, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. This represents a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,537,755 shares of company stock worth $642,644,973. Insiders own 42.00% of the company’s stock.

Dell Technologies Company 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).