Deroy & Devereaux Private Investment Counsel Inc. Purchases 69,937 Shares of Dell Technologies Inc. (NYSE:DELL)

Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 33.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 281,422 shares of the technology company's stock after purchasing an additional 69,937 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Dell Technologies were worth $25,652,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Dell Technologies by 4.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,792 shares of the technology company's stock worth $4,240,000 after buying an additional 1,417 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth approximately $685,000. US Bancorp DE increased its position in shares of Dell Technologies by 10.8% in the fourth quarter. US Bancorp DE now owns 32,954 shares of the technology company's stock worth $3,798,000 after acquiring an additional 3,224 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after acquiring an additional 5,040 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $1.57 on Friday, reaching $125.05. The stock had a trading volume of 3,725,609 shares, compared to its average volume of 8,724,460. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23. The business's 50-day moving average price is $110.96 and its two-hundred day moving average price is $105.32. The stock has a market cap 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 announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the firm posted $1.27 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were 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. The trade was a 27.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DELL shares. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Barclays raised their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Finally, Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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).