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GFG Capital LLC Invests $10.73 Million in Dell Technologies Inc. $DELL

Dell Technologies logo with Computer and Technology background

Key Points

  • GFG Capital LLC has acquired a $10.73 million position in Dell Technologies, purchasing 87,544 shares, representing about 3.2% of its investment portfolio.
  • Several analysts have upgraded their ratings for Dell Technologies, with Mizuho and UBS increasing their price objectives to $170.00 and $186.00, respectively, indicating positive market sentiment.
  • Dell Technologies announced a quarterly dividend of $0.525 per share, with a yield of 1.3%, to be distributed on October 31st to shareholders recorded by October 21st.
  • MarketBeat previews top five stocks to own in November.

GFG Capital LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,544 shares of the technology company's stock, valued at approximately $10,733,000. Dell Technologies accounts for about 3.2% of GFG Capital LLC's investment portfolio, making the stock its 6th biggest position.

Several other institutional investors have also recently made changes to their positions in DELL. Cary Street Partners Financial LLC boosted its holdings in shares of Dell Technologies by 2.7% during the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock worth $395,000 after purchasing an additional 116 shares during the period. OneAscent Financial Services LLC boosted its holdings in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after purchasing an additional 125 shares during the period. MRP Capital Investments LLC boosted its holdings in shares of Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after purchasing an additional 125 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Dell Technologies by 1.2% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company's stock worth $1,319,000 after purchasing an additional 125 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Dell Technologies by 5.5% during the second quarter. V Square Quantitative Management LLC now owns 2,460 shares of the technology company's stock worth $302,000 after purchasing an additional 128 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a report on Wednesday. Mizuho raised their price objective on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group raised their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Daiwa Capital Markets raised their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.22.

Check Out Our Latest Analysis on DELL

Dell Technologies Stock Performance

DELL stock opened at $164.51 on Thursday. The firm has a 50 day moving average price of $133.05 and a 200-day moving average price of $116.08. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10. The firm has a market capitalization of $110.61 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.03 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $29.78 billion during the quarter, compared to analyst estimates of $29.14 billion. During the same period last year, the business earned $1.89 earnings per share. The business's revenue was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Green sold 65,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total transaction of $9,782,500.00. Following the sale, the director directly owned 47,619 shares of the company's stock, valued at $7,166,659.50. This trade represents a 57.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,191,683 shares of company stock valued at $578,511,613 in the last three months. 42.00% of the stock is owned by insiders.

Dell Technologies Company Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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