Dell Technologies Inc. (NYSE:DELL) Stock Holdings Lifted by Opinicus Capital Inc.

Opinicus Capital Inc. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.5% in the first quarter, Holdings Channel.com reports. The firm owned 6,209 shares of the technology company’s stock after purchasing an additional 326 shares during the period. Opinicus Capital Inc.’s holdings in Dell Technologies were worth $566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DELL. Bogart Wealth LLC raised its holdings in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after acquiring an additional 100 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after purchasing an additional 100 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its position in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after purchasing an additional 100 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in Dell Technologies by 47.4% during the fourth quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the period. Finally, HBK Sorce Advisory LLC increased its holdings in shares of Dell Technologies by 6.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company’s stock worth $230,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Up 1.9%

Dell Technologies stock opened at $113.33 on Friday. The firm has a fifty day simple moving average of $99.45 and a two-hundred day simple moving average of $105.73. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52. The company has a market capitalization of $79.09 billion, a PE ratio of 20.02, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last announced its 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). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the firm posted $1.27 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel now owns 79,928 shares of the company’s stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,722 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $114.12, for a total value of $995,354.64. Following the transaction, the director now directly owns 877,339 shares in the company, valued at approximately $100,121,926.68. This represents a 0.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 851,905 shares of company stock valued at $97,155,665. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Barclays upped their price target on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, May 30th. Finally, TD Cowen raised their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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).