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

Victory Capital Management Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 20.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 130,666 shares of the technology company’s stock after purchasing an additional 22,401 shares during the quarter. Victory Capital Management Inc.’s holdings in Dell Technologies were worth $11,910,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Capital Wealth Advisors lifted its position in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after purchasing an additional 100 shares during the period. Greenleaf Trust increased its holdings in shares of Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company’s stock valued at $927,000 after acquiring an additional 136 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company’s stock valued at $53,000 after purchasing an additional 145 shares during the period. True Vision MN LLC lifted its position in shares of Dell Technologies by 2.6% during the 1st quarter. True Vision MN LLC now owns 5,817 shares of the technology company’s stock valued at $530,000 after buying an additional 145 shares in the last quarter. Finally, Crowley Wealth Management Inc. raised its holdings in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock worth $30,000 after acquiring an additional 150 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director owned 938,741 shares of the company’s stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company’s 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 transaction, the general counsel owned 79,928 shares of the company’s stock, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Raymond James Financial raised their target price on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Bank of America upped their price objective on Dell Technologies from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Mizuho upped their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Finally, KeyCorp started coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $140.06.

Dell Technologies Stock Up 2.3%

DELL opened at $127.21 on Thursday. The business has a fifty day simple moving average of $118.49 and a 200-day simple moving average of $106.19. The firm has a market cap of $86.36 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.01 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL) last announced its earnings results 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). The firm had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.65%. Dell Technologies’s payout ratio is presently 33.49%.

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).