Oak Harvest Investment Services Takes Position in Dell Technologies Inc. $DELL

Oak Harvest Investment Services bought a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,117 shares of the technology company’s stock, valued at approximately $6,267,000.

A number of other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies during the first quarter worth about $27,000. Westside Investment Management Inc. increased its stake in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position 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 purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DELL shares. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Bank of America raised their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Sanford C. Bernstein boosted their price objective on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Daiwa Capital Markets raised their target price on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Argus lifted their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,537,755 shares of company stock worth $642,644,973 over the last quarter. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Stock Down 4.9%

NYSE:DELL opened at $133.79 on Friday. The stock has a market cap of $89.96 billion, a P/E ratio of 19.68, a PEG ratio of 0.96 and a beta of 1.02. The business’s 50-day moving average price is $143.70 and its two-hundred day moving average price is $128.17. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio is presently 30.88%.

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).