Oppenheimer Asset Management Inc. Buys 9,064 Shares of Dell Technologies Inc. $DELL

Oppenheimer Asset Management Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 18.8% during the second quarter, HoldingsChannel reports. The firm owned 57,330 shares of the technology company’s stock after acquiring an additional 9,064 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dell Technologies were worth $7,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its position in Dell Technologies by 4.9% during the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after acquiring an additional 100 shares in the last quarter. Cary Street Partners Financial LLC raised its holdings in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after purchasing an additional 116 shares during the period. Blue Trust Inc. raised its holdings in shares of Dell Technologies by 16.4% in the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after purchasing an additional 124 shares during the period. OneAscent Financial Services LLC raised its holdings in shares of Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after purchasing an additional 125 shares during the period. Finally, MRP Capital Investments LLC raised its holdings in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 125 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DELL. Raymond James Financial increased their price target on Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Barclays raised their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Sanford C. Bernstein lifted their price target on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Susquehanna lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Dell Technologies Stock Performance

NYSE:DELL opened at $162.30 on Tuesday. The firm’s fifty day moving average is $137.66 and its 200-day moving average is $122.50. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm has a market cap of $109.12 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.08 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results 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. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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

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).