Oppenheimer & Co. Inc. Acquires 13,138 Shares of Dell Technologies Inc. (NYSE:DELL)

Oppenheimer & Co. Inc. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 182.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,331 shares of the technology company's stock after buying an additional 13,138 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Dell Technologies were worth $2,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its holdings in Dell Technologies by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,648 shares of the technology company's stock worth $4,226,000 after acquiring an additional 1,844 shares in the last quarter. Mengis Capital Management Inc. bought a new stake in Dell Technologies during the 3rd quarter worth approximately $2,120,000. Simmons Bank bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,211,000. Empower Advisory Group LLC raised its holdings in Dell Technologies by 35.2% during the 3rd quarter. Empower Advisory Group LLC now owns 10,564 shares of the technology company's stock worth $1,252,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dell Technologies by 146.9% during the third quarter. Victory Capital Management Inc. now owns 223,963 shares of the technology company's stock valued at $26,549,000 after acquiring an additional 133,255 shares during the last quarter. Institutional investors own 38.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Dell Technologies from $97.00 to $106.00 and gave the company an "equal weight" rating in a report on Friday, August 30th. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Wells Fargo & Company lowered their price target on shares of Dell Technologies from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.63.

Dell Technologies Price Performance

Dell Technologies stock traded down $2.79 during midday trading on Friday, reaching $131.64. The company had a trading volume of 5,010,102 shares, compared to its average volume of 6,766,663. The firm's fifty day simple moving average is $123.03 and its 200-day simple moving average is $126.40. The company has a market capitalization of $92.46 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $25.03 billion during the quarter, compared to analysts' expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. 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 payout ratio is 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by company insiders.

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).