Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 93.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,187 shares of the technology company's stock after buying an additional 2,984 shares during the quarter. Capital Investment Counsel Inc's holdings in Dell Technologies were worth $564,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth about $26,000. Finally, Crowley Wealth Management Inc. raised its position in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on DELL shares. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Morgan Stanley lifted 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. Finally, Citigroup lifted their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.00.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 2,900 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total transaction of $348,000.00. Following the sale, the director directly owned 23,680 shares of the company's stock, valued at approximately $2,841,600. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last quarter. Company insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $1.57 on Friday, hitting $125.05. The company's stock had a trading volume of 3,725,609 shares, compared to its average volume of 8,724,460. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The company has a market capitalization of $84.89 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. The stock has a 50 day moving average of $110.36 and a 200-day moving average of $105.28.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 4.63% and a negative return on equity of 226.48%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.68%. Dell Technologies's dividend payout ratio is currently 33.49%.

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).