Brown Advisory Inc. Buys 47,034 Shares of Dell Technologies Inc. (NYSE:DELL)

Brown Advisory Inc. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 50.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,903 shares of the technology company's stock after buying an additional 47,034 shares during the period. Brown Advisory Inc.'s holdings in Dell Technologies were worth $12,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of Dell Technologies by 25.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after purchasing an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after buying an additional 809 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after acquiring an additional 554 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Dell Technologies by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock worth $402,000 after acquiring an additional 1,558 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

NYSE:DELL traded down $1.01 during mid-day trading on Friday, hitting $126.90. 3,558,127 shares of the stock were exchanged, compared to its average volume of 8,612,370. The firm's 50-day simple moving average is $113.61 and its 200 day simple moving average is $105.63. The stock has a market capitalization of $86.15 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.18 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 $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for 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%. During the same quarter in the previous year, the company posted $1.27 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Activity at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total value of $1,285,244.73. Following the sale, the director directly owned 938,741 shares in the company, valued at $112,958,704.53. This represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, June 26th. The stock was 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 owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. 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 over the last 90 days. 42.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DELL. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a report on Sunday, July 6th. Raymond James Financial boosted 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. Mizuho lifted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, KeyCorp began coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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).