Brookstone Capital Management Acquires 13,570 Shares of Dell Technologies Inc. (NYSE:DELL)

Brookstone Capital Management increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 448.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,599 shares of the technology company's stock after acquiring an additional 13,570 shares during the quarter. Brookstone Capital Management's holdings in Dell Technologies were worth $1,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $25,000. True Wealth Design LLC raised its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after buying an additional 253 shares during the period. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. MCF Advisors LLC grew its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after acquiring an additional 165 shares during the period. Finally, Covestor Ltd raised its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company's stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on DELL shares. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Evercore ISI reissued an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Finally, Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $148.06.

Dell Technologies Price Performance

NYSE DELL traded up $0.94 during trading hours on Thursday, reaching $110.17. 6,067,514 shares of the stock traded hands, compared to its average volume of 7,303,308. The stock has a 50 day simple moving average of $124.04 and a two-hundred day simple moving average of $120.75. Dell Technologies Inc. has a 1 year low of $76.90 and a 1 year high of $179.70. The company has a market cap of $77.17 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is presently 31.45%.

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).