Optimize Financial Inc Acquires 3,298 Shares of Dell Technologies Inc. $DELL

Key Points

• Optimize Financial Inc boosted its stake in Dell Technologies by 20.3% during the first quarter, acquiring an additional 3,298 shares, bringing its total holding to 19,524 shares valued at approximately $1.78 million.
• CEO Michael S. Dell sold 10 million shares of Dell Technologies, representing a 27.85% decrease in his ownership, with the shares sold valued at over $1.22 billion.
• Analysts upgraded Dell's stock price targets, with Mizuho raising it to $145.00 and the consensus rating being a "Moderate Buy" with an average target of $146.31.

Optimize Financial Inc raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,524 shares of the technology company's stock after purchasing an additional 3,298 shares during the period. Dell Technologies accounts for 0.7% of Optimize Financial Inc's portfolio, making the stock its 18th largest position. Optimize Financial Inc's holdings in Dell Technologies were worth $1,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. grew 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 valued at $30,000 after buying an additional 150 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the transaction, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,154,806 shares of company stock worth $1,488,485,888 in the last 90 days. 42.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DELL shares. Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Raymond James Financial increased their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays increased their price target on shares of Dell Technologies from $123.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. TD Cowen increased their price target on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group set a $140.00 price target on shares of Dell Technologies and gave the stock a "buy" rating in a research report on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.31.

Dell Technologies Price Performance

Shares of DELL stock opened at $123.03 on Tuesday. The company has a market capitalization of $83.52 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.86 and a beta of 1.01. The company's fifty day moving average price is $129.35 and its 200-day moving average price is $110.67. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business 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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's payout ratio is currently 30.88%.

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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