Brown Advisory Inc. Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Brown Advisory Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 984.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,964 shares of the technology company’s stock after purchasing an additional 53,525 shares during the period. Brown Advisory Inc.’s holdings in Dell Technologies were worth $4,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Anchor Investment Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. raised its stake in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after acquiring an additional 400 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Dell Technologies by 1,456.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after acquiring an additional 568 shares during the period. Finally, Friedenthal Financial acquired a new stake in Dell Technologies during the fourth quarter worth about $48,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Morgan Stanley increased their price objective on shares of Dell Technologies from $128.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. UBS Group increased their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital initiated coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

Get Our Latest Research Report on Dell Technologies

Dell Technologies Trading Up 0.3 %

NYSE:DELL opened at $147.71 on Thursday. Dell Technologies Inc. has a 1 year low of $44.45 and a 1 year high of $154.59. The firm’s fifty day simple moving average is $123.93 and its 200 day simple moving average is $96.71. The firm has a market capitalization of $105.43 billion, a PE ratio of 33.80, a PEG ratio of 2.30 and a beta of 0.87.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.74 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.21%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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