Clarity Capital Partners LLC Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Clarity Capital Partners LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 57.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,947 shares of the technology company's stock after purchasing an additional 7,664 shares during the period. Dell Technologies makes up about 0.8% of Clarity Capital Partners LLC's holdings, making the stock its 25th largest holding. Clarity Capital Partners LLC's holdings in Dell Technologies were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DELL. Bellwether Advisors LLC purchased a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter worth approximately $26,000. Finally, Crowley Wealth Management Inc. grew its position in Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL traded up $1.57 during trading on Friday, hitting $125.05. The company's stock had a trading volume of 3,725,609 shares, compared to its average volume of 8,723,750. The firm's 50 day moving average price is $110.96 and its 200-day moving average price is $105.27. The stock has a market cap of $84.89 billion, a PE ratio of 19.94, a PEG ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business 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 company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 2,900 shares of the business's 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 completion of the sale, the director directly owned 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 10.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. Morgan Stanley raised their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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).