Dell Technologies Inc. (NYSE:DELL) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,203 shares of the technology company's stock after selling 3,124 shares during the quarter. Capital Investment Counsel Inc's holdings in Dell Technologies were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ING Groep NV acquired a new position in Dell Technologies in the fourth quarter valued at $4,521,000. Citizens National Bank Trust Department increased its stake in Dell Technologies by 21.8% in the fourth quarter. Citizens National Bank Trust Department now owns 19,289 shares of the technology company's stock valued at $2,223,000 after purchasing an additional 3,448 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Dell Technologies by 101.0% in the fourth quarter. Handelsbanken Fonder AB now owns 183,991 shares of the technology company's stock valued at $21,203,000 after purchasing an additional 92,438 shares during the last quarter. Private Wealth Partners LLC increased its stake in Dell Technologies by 13.1% in the fourth quarter. Private Wealth Partners LLC now owns 6,186 shares of the technology company's stock valued at $713,000 after purchasing an additional 716 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Dell Technologies by 24.2% in the fourth quarter. Private Advisor Group LLC now owns 75,849 shares of the technology company's stock valued at $8,741,000 after purchasing an additional 14,780 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

DELL traded down $2.23 on Friday, reaching $117.66. The company's stock had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $85.40 and a 1 year high of $179.70. The business's 50 day moving average is $113.12 and its 200 day moving average is $117.42.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the business posted $1.62 EPS. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Analyst Upgrades and Downgrades

DELL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, December 2nd. Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.00.

Dell Technologies 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).