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

Capital Investment Counsel Inc reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,203 shares of the technology company’s stock after selling 3,124 shares during the period. Capital Investment Counsel Inc’s holdings in Dell Technologies were worth $369,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Optimist Retirement Group LLC increased its position in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the period. Blue Trust Inc. increased its position in shares of Dell Technologies by 132.1% during the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after buying an additional 802 shares during the period. OLD National Bancorp IN raised its stake in Dell Technologies by 19.2% in the third quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company’s stock worth $256,000 after buying an additional 348 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Dell Technologies by 536.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company’s stock worth $32,815,000 after buying an additional 233,313 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in Dell Technologies by 52.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 3,735 shares of the technology company’s stock valued at $443,000 after acquiring an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 937,407 shares of company stock valued at $114,418,186. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 0.8 %

Dell Technologies stock opened at $120.00 on Friday. The firm has a market cap of $84.05 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.08 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The stock has a fifty day simple moving average of $113.11 and a two-hundred day simple moving average of $117.40.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DELL shares. Wells Fargo & Company increased their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.65.

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).