Dell Technologies Inc. $DELL Shares Bought by Opinicus Capital Inc.

Opinicus Capital Inc. increased its position in Dell Technologies Inc. (NYSE:DELL) by 49.8% during the second quarter, Holdings Channel reports. The fund owned 9,301 shares of the technology company’s stock after purchasing an additional 3,092 shares during the quarter. Dell Technologies comprises approximately 0.9% of Opinicus Capital Inc.’s investment portfolio, making the stock its 29th largest position. Opinicus Capital Inc.’s holdings in Dell Technologies were worth $1,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Dell Technologies during the first quarter valued at $27,000. Flaharty Asset Management LLC bought a new stake in shares of Dell Technologies during the first quarter valued at about $27,000. Westside Investment Management Inc. raised its position in shares of Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William D. Green sold 42,736 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the sale, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total value of $12,255,009.36. Following the transaction, the director directly owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This represents a 54.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DELL. Susquehanna boosted their price objective on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Mizuho lifted their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Citigroup lifted their target price on Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Fox Advisors cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.80.

Dell Technologies Trading Down 0.3%

Shares of NYSE:DELL opened at $133.58 on Friday. The business has a fifty day simple moving average of $143.87 and a 200 day simple moving average of $128.45. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08. The firm has a market cap of $89.82 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 0.91 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The company had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 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).