Capital Investment Counsel Inc Increases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Capital Investment Counsel Inc raised its position in Dell Technologies Inc. (NYSE:DELL) by 97.5% in the 2nd quarter, Holdings Channel reports. The fund owned 6,327 shares of the technology company’s stock after acquiring an additional 3,124 shares during the period. Capital Investment Counsel Inc’s holdings in Dell Technologies were worth $873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Hobbs Group Advisors LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $234,000. Carnegie Investment Counsel acquired a new position in shares of Dell Technologies during the 2nd quarter worth $481,000. SeaCrest Wealth Management LLC grew its stake in Dell Technologies by 14.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 10,658 shares of the technology company’s stock valued at $1,470,000 after acquiring an additional 1,320 shares during the last quarter. M3 Advisory Group LLC increased its holdings in Dell Technologies by 3.4% during the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after acquiring an additional 117 shares in the last quarter. Finally, Dakota Wealth Management raised its position in shares of Dell Technologies by 25.3% during the 2nd quarter. Dakota Wealth Management now owns 40,144 shares of the technology company’s stock worth $5,536,000 after purchasing an additional 8,093 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL traded down $1.16 during trading hours on Tuesday, hitting $110.71. The stock had a trading volume of 6,169,923 shares, compared to its average volume of 10,265,121. The company’s fifty day simple moving average is $125.05 and its 200 day simple moving average is $121.23. Dell Technologies Inc. has a 12-month low of $53.62 and a 12-month high of $179.70. The firm has a market cap of $78.53 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.61%. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In other news, Director David W. Dorman sold 75,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The disclosure for this sale can be found here. In the last three months, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DELL. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital boosted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. TD Cowen raised their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Morgan Stanley cut their price objective on shares of Dell Technologies from $155.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Barclays upgraded shares of Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 target price on the stock in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.25.

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).