Victory Capital Management Inc. Acquires 22,401 Shares of Dell Technologies Inc. (NYSE:DELL)

Victory Capital Management Inc. increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,666 shares of the technology company's stock after buying an additional 22,401 shares during the period. Victory Capital Management Inc.'s holdings in Dell Technologies were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $25,000. Crowley Wealth Management Inc. raised its position in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after buying an additional 150 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $32,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DELL shares. Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Mizuho upped their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $2.85 during trading hours on Friday, hitting $131.20. 4,298,756 shares of the company's stock traded hands, compared to its average volume of 4,652,753. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The company's fifty day simple moving average is $119.18 and its two-hundred day simple moving average is $106.19. The company has a market cap of $89.06 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02.

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 the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the business posted $1.27 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. Company insiders own 42.00% of the company's stock.

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).