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

Clarity Capital Partners LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 57.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,947 shares of the technology company's stock after buying an additional 7,664 shares during the quarter. Dell Technologies accounts for 0.8% of Clarity Capital Partners LLC's portfolio, making the stock its 25th biggest holding. Clarity Capital Partners LLC's holdings in Dell Technologies were worth $1,909,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. Mizuho boosted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. KeyCorp assumed coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Morgan Stanley boosted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. TD Cowen boosted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Raymond James Financial boosted their price target on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

NYSE DELL traded up $1.57 during trading hours on Friday, hitting $125.05. 3,725,609 shares of the company's stock were exchanged, compared to its average volume of 8,723,750. The business's 50 day moving average is $110.96 and its 200-day moving average is $105.22. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The firm has a market capitalization of $84.89 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared 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 presently 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. This represents a 24.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,113,977 shares of company stock valued at $1,471,321,229 over the last three months. Insiders own 42.00% of the company's stock.

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).