Dell Technologies Inc. (NYSE:DELL) Stock Position Lifted by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 62.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 622 shares of the technology company’s stock after purchasing an additional 240 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Dell Technologies were worth $71,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Register Financial Advisors LLC bought a new position in Dell Technologies during the 1st quarter valued at $46,000. Vanguard Capital Wealth Advisors bought a new position in Dell Technologies during the first quarter valued at about $217,000. Wealth Enhancement Advisory Services LLC grew its holdings in Dell Technologies by 18.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,919 shares of the technology company’s stock worth $2,615,000 after acquiring an additional 3,573 shares during the period. Signet Financial Management LLC raised its position in Dell Technologies by 2.3% in the first quarter. Signet Financial Management LLC now owns 41,204 shares of the technology company’s stock worth $4,702,000 after acquiring an additional 909 shares in the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in Dell Technologies by 30.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 17,202 shares of the technology company’s stock valued at $1,963,000 after acquiring an additional 4,012 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DELL. Bank of America lifted their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein upped their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. TD Cowen lifted their target price on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. The Goldman Sachs Group upped their target price on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Wells Fargo & Company boosted their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the transaction, the chief executive officer now directly owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In related 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 transaction of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction on Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the transaction, the chief executive officer now owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,246,728 shares of company stock valued at $842,917,457. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.2 %

DELL opened at $137.82 on Friday. The stock has a fifty day moving average price of $138.43 and a 200 day moving average price of $109.99. Dell Technologies Inc. has a 1 year low of $51.80 and a 1 year high of $179.70. The stock has a market cap of $97.76 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.73 and a beta of 0.85.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $21.70 billion. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Dell Technologies Company 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).