21,485 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Brick & Kyle Associates

Brick & Kyle Associates purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,485 shares of the technology company's stock, valued at approximately $1,936,000.

Several other hedge funds have also modified their holdings of the stock. Greenleaf Trust grew its stake 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 purchasing an additional 136 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Dell Technologies by 27.7% during the first quarter. Valeo Financial Advisors LLC now owns 11,708 shares of the technology company's stock valued at $1,067,000 after purchasing an additional 2,538 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Dell Technologies by 14.2% during 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 bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $330,000. Finally, Brown Advisory Inc. boosted its stake in 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 acquiring an additional 47,034 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on DELL shares. KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. TD Cowen raised 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. Citigroup raised their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Morgan Stanley raised their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Up 1.1%

Shares of NYSE:DELL traded up $1.34 during midday trading on Thursday, reaching $127.97. 5,368,459 shares of the company were exchanged, compared to its average volume of 8,631,125. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock has a fifty day simple moving average of $113.61 and a two-hundred day simple moving average of $105.63. The firm has a market cap of $86.87 billion, a PE ratio of 20.41, a P/E/G ratio of 1.17 and a beta of 1.02.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.64%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares in the company, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is currently owned by company insiders.

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).