Optimum Investment Advisors Sells 1,200 Shares of Dell Inc. (NASDAQ:DELL)

Optimum Investment Advisors lessened its stake in shares of Dell Inc. (NASDAQ:DELL) by 59.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 824 shares of the technology company’s stock after selling 1,200 shares during the period. Optimum Investment Advisors’ holdings in Dell were worth $42,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DELL. Hanson McClain Inc. raised its stake in shares of Dell by 823.4% during the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Dell during the first quarter valued at approximately $26,000. Israel Discount Bank of New York bought a new stake in shares of Dell during the first quarter valued at approximately $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new stake in shares of Dell during the first quarter valued at approximately $27,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Dell during the first quarter valued at approximately $28,000. 22.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on DELL shares. Raymond James reissued an “outperform” rating and issued a $69.00 price objective (down previously from $74.00) on shares of Dell in a research note on Friday, May 31st. Wells Fargo & Co started coverage on shares of Dell in a research note on Monday, July 29th. They issued an “outperform” rating and a $68.00 price objective for the company. Deutsche Bank started coverage on shares of Dell in a research note on Wednesday, June 19th. They issued a “buy” rating and a $62.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Dell from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Finally, Zacks Investment Research raised shares of Dell from a “sell” rating to a “hold” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Dell has a consensus rating of “Buy” and an average target price of $65.44.

NASDAQ DELL traded down $0.90 on Friday, hitting $50.43. The stock had a trading volume of 1,268,499 shares, compared to its average volume of 2,584,889. The business has a fifty day moving average of $53.61. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.82 and a current ratio of 0.90. Dell Inc. has a 52-week low of $42.02 and a 52-week high of $70.55. The company has a market capitalization of $36.24 billion, a PE ratio of 8.17 and a beta of 0.47.

Dell (NASDAQ:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.30. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The business had revenue of $21.91 billion for the quarter, compared to analyst estimates of $22.24 billion. Dell’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Dell Inc. will post 6.23 EPS for the current fiscal year.

In other news, CFO Thomas W. Sweet sold 181,531 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $52.27, for a total transaction of $9,488,625.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marius Haas sold 167,275 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $55.50, for a total transaction of $9,283,762.50. The disclosure for this sale can be found here. Insiders sold 1,441,477 shares of company stock worth $75,859,006 over the last ninety days. Corporate insiders own 46.00% of the company’s stock.

About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

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