Brookstone Capital Management Purchases 35,616 Shares of Dell Technologies Inc. (NYSE:DELL)

Brookstone Capital Management increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 214.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,215 shares of the technology company's stock after buying an additional 35,616 shares during the period. Brookstone Capital Management's holdings in Dell Technologies were worth $4,759,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Capital World Investors grew its position in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC raised its stake in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Norges Bank purchased a new stake in Dell Technologies in the fourth quarter valued at $455,029,000. Finally, Northern Trust Corp boosted its stake in Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after acquiring an additional 460,483 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the transaction, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. This represents a 24.05% 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 valued at $1,471,321,229 over the last quarter. 42.00% of the stock is owned by insiders.

Dell Technologies Price Performance

Shares of DELL stock traded down $0.54 during trading hours on Monday, reaching $124.68. The stock had a trading volume of 4,068,993 shares, compared to its average volume of 8,705,134. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23. The firm has a market capitalization of $84.64 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02. The firm has a 50-day simple moving average of $110.96 and a 200-day simple moving average of $105.22.

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 (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.68%. Dell Technologies's payout ratio is currently 33.49%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Mizuho lifted 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. Morgan Stanley upped their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. TD Cowen lifted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, UBS Group dropped their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.00.

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).