Brick & Kyle Associates Purchases New Stake in Dell Technologies Inc. (NYSE:DELL)

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

Several other institutional investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies during the 1st quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. grew its stake in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares during the period. Finally, Olde Wealth Management LLC bought a new stake in shares of Dell Technologies in the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following 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. Insiders have sold a total of 12,113,977 shares of company stock worth $1,471,321,229 in the last ninety days. Company insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays lifted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. UBS Group dropped their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, Raymond James Financial raised their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Up 2.0%

DELL traded up $2.47 on Wednesday, reaching $126.86. The company's stock had a trading volume of 3,964,558 shares, compared to its average volume of 8,650,250. The company has a market capitalization of $86.12 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23. The stock has a 50 day moving average of $112.18 and a two-hundred day moving average of $105.42.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the company posted $1.27 earnings per share. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 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).