Oppenheimer Asset Management Inc. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Oppenheimer Asset Management Inc. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,648 shares of the technology company’s stock after buying an additional 1,844 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dell Technologies were worth $4,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the second quarter worth $28,000. Clean Yield Group bought a new stake in shares of Dell Technologies during the third quarter worth $25,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the second quarter worth $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock opened at $131.62 on Friday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a market capitalization of $92.45 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.42 and a beta of 0.89. The stock’s 50-day simple moving average is $122.43 and its 200-day simple moving average is $126.37.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.35%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last quarter. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. UBS Group decreased their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Bank of America lifted their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Mizuho initiated coverage on Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.63.

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).