Oppenheimer Asset Management Inc. Sells 26,233 Shares of Dell Technologies Inc. (NYSE:DELL)

Oppenheimer Asset Management Inc. reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,266 shares of the technology company's stock after selling 26,233 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Dell Technologies were worth $4,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter worth $26,000. Crowley Wealth Management Inc. increased its holdings in shares of Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after buying an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in shares of Dell Technologies by 155.8% during the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after buying an additional 201 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 2.2%

Shares of DELL opened at $120.61 on Wednesday. The stock has a market capitalization of $81.88 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The firm's fifty day simple moving average is $105.16 and its two-hundred day simple moving average is $104.98. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.74%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now owns 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,470,322 shares of company stock valued at $167,441,630 in the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DELL. Raymond James Financial upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. TD Cowen upped their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Mizuho boosted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average price target of $138.00.

About Dell Technologies

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).

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