Brick & Kyle Associates Invests $1.94 Million in Dell Technologies Inc. (NYSE:DELL)

Brick & Kyle Associates purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,485 shares of the technology company's stock, valued at approximately $1,936,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenleaf Trust grew its position in Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after buying an additional 136 shares during the period. Valeo Financial Advisors LLC grew its position in Dell Technologies by 27.7% during the first quarter. Valeo Financial Advisors LLC now owns 11,708 shares of the technology company's stock worth $1,067,000 after buying an additional 2,538 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of Dell Technologies by 14.2% in the first quarter. Stratos Wealth Advisors LLC now owns 7,847 shares of the technology company's stock valued at $715,000 after purchasing an additional 977 shares during the last quarter. Stratos Investment Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $330,000. Finally, Brown Advisory Inc. grew its position in shares of Dell Technologies by 50.6% in the first quarter. Brown Advisory Inc. now owns 139,903 shares of the technology company's stock valued at $12,752,000 after purchasing an additional 47,034 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the sale, the director directly owned 960,050 shares in the company, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director owned 938,741 shares of the company's stock, valued at $105,918,147.03. The trade was a 35.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DELL. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. KeyCorp began coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Raymond James Financial increased their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. TD Cowen upped their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Down 0.8%

Shares of DELL stock traded down $1.01 during mid-day trading on Friday, reaching $126.90. The company's stock had a trading volume of 3,558,127 shares, compared to its average volume of 8,610,919. The company's 50 day simple moving average is $113.61 and its 200-day simple moving average is $105.63. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The firm has a market capitalization of $86.15 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

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).