CoreCap Advisors LLC Takes $32,000 Position in Dell Technologies Inc. (NYSE:DELL)

Posted by on Jun 3rd, 2023

CoreCap Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 800 shares of the technology company’s stock, valued at approximately $32,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirador Capital Partners LP raised its position in shares of Dell Technologies by 1.8% in the fourth quarter. Mirador Capital Partners LP now owns 13,310 shares of the technology company’s stock valued at $535,000 after purchasing an additional 238 shares during the period. Ellevest Inc. lifted its position in shares of Dell Technologies by 33.4% during the fourth quarter. Ellevest Inc. now owns 1,070 shares of the technology company’s stock worth $43,000 after acquiring an additional 268 shares in the last quarter. CWM LLC boosted its holdings in shares of Dell Technologies by 7.4% in the fourth quarter. CWM LLC now owns 4,015 shares of the technology company’s stock worth $161,000 after acquiring an additional 276 shares during the period. Marks Group Wealth Management Inc grew its position in shares of Dell Technologies by 0.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 92,978 shares of the technology company’s stock valued at $3,740,000 after purchasing an additional 286 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after purchasing an additional 302 shares during the period. 26.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, COO Anthony Charles Whitten sold 15,983 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $36.49, for a total transaction of $583,219.67. Following the completion of the sale, the chief operating officer now directly owns 841,207 shares in the company, valued at approximately $30,695,643.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, COO Anthony Charles Whitten sold 15,983 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $36.49, for a total transaction of $583,219.67. Following the completion of the transaction, the chief operating officer now owns 841,207 shares of the company’s stock, valued at approximately $30,695,643.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 22,042 shares of Dell Technologies stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $43.78, for a total value of $964,998.76. Following the completion of the sale, the chief accounting officer now owns 18,647 shares in the company, valued at $816,365.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 522,371 shares of company stock worth $22,038,868. Insiders own 48.60% of the company’s stock.

Dell Technologies Stock Up 4.0 %

Dell Technologies stock opened at $47.27 on Friday. The firm has a fifty day simple moving average of $43.85 and a two-hundred day simple moving average of $41.91. Dell Technologies Inc. has a twelve month low of $32.90 and a twelve month high of $51.75. The company has a market capitalization of $34.56 billion, a PE ratio of 14.68, a P/E/G ratio of 0.88 and a beta of 1.02.

Dell Technologies (NYSE:DELL – Get Rating) last released its earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.45. Dell Technologies had a negative return on equity of 173.72% and a net margin of 2.39%. The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.27 billion. During the same quarter in the previous year, the company posted $1.64 EPS. Dell Technologies’s revenue for the quarter was down 19.9% on a year-over-year basis. As a group, equities analysts expect that Dell Technologies Inc. will post 4.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DELL has been the subject of a number of recent analyst reports. Barclays lifted their target price on Dell Technologies from $40.00 to $45.00 in a report on Friday. Raymond James upped their target price on shares of Dell Technologies from $45.00 to $50.00 in a report on Friday. KGI Securities raised shares of Dell Technologies from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 14th. JPMorgan Chase & Co. cut shares of Dell Technologies from an “overweight” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Monday, April 17th. Finally, Credit Suisse Group boosted their target price on Dell Technologies from $50.00 to $56.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Dell Technologies Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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

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