Dell Technologies Inc. (NYSE:DELL) Stock Holdings Trimmed by Aspire Private Capital LLC

Aspire Private Capital LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 34.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,400 shares of the technology company's stock after selling 6,097 shares during the period. Aspire Private Capital LLC's holdings in Dell Technologies were worth $1,039,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DELL. Vanguard Group Inc. boosted its position in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors boosted its position in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the period. Geode Capital Management LLC boosted its position in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. Norges Bank purchased a new stake in Dell Technologies during the 4th quarter worth $455,029,000. Finally, Northern Trust Corp boosted its position in Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after purchasing an additional 460,483 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 2.5%

Shares of DELL traded up $2.88 during mid-day trading on Friday, hitting $119.44. The stock had a trading volume of 9,562,236 shares, compared to its average volume of 8,955,258. The company has a market cap of $81.08 billion, a PE ratio of 19.05, a PEG ratio of 1.10 and a beta of 1.01. The company's fifty day simple moving average is $103.80 and its two-hundred day simple moving average is $105.05. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 EPS. Equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.76%. Dell Technologies's payout ratio is 33.49%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DELL. Barclays upped their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. TD Cowen boosted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,470,322 shares of company stock worth $167,441,630. 42.00% of the stock is currently owned by corporate insiders.

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).