Centerpoint Advisory Group Invests $230,000 in Dell Technologies Inc. $DELL

Centerpoint Advisory Group bought a new stake in Dell Technologies Inc. (NYSE:DELLFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,400 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors have also modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC grew its holdings in Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Portus Wealth Advisors LLC purchased a new position in Dell Technologies in the first quarter worth $35,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies during the fourth quarter worth $29,000. Finally, Navalign LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $29,000. 76.37% of the stock is currently owned by institutional investors.

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Here are the key news stories impacting Dell Technologies this week:

Dell Technologies Stock Up 0.9%

Shares of DELL opened at $415.42 on Tuesday. The stock’s 50-day moving average price is $336.24 and its 200-day moving average price is $210.55. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $469.47. The company has a market capitalization of $269.24 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 0.84 and a beta of 1.31.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the business earned $1.55 earnings per share. The firm’s revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, equities analysts anticipate that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is 20.02%.

Analyst Ratings Changes

DELL has been the topic of several recent analyst reports. Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Loop Capital upped their price objective on shares of Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a report on Friday, May 29th. Truist Financial lifted their target price on shares of Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. William Blair assumed coverage on shares of Dell Technologies in a research note on Monday, June 1st. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group downgraded shares of Dell Technologies to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $490.38.

Read Our Latest Stock Analysis on DELL

Insider Buying and Selling

In related news, Director Lynn Vojvodich Radakovich sold 12,022 shares of Dell Technologies stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $421.00, for a total value of $5,061,262.00. Following the sale, the director directly owned 25,267 shares in the company, valued at approximately $10,637,407. The trade was a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Richard J. Rothberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $410.00, for a total value of $8,200,000.00. Following the completion of the transaction, the general counsel owned 142,415 shares in the company, valued at approximately $58,390,150. This trade represents a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,901,953 shares of company stock worth $1,403,598,971 in the last 90 days. 41.50% of the stock is owned by insiders.

Dell Technologies Profile

(Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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

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