Princeton Capital Management LLC Acquires Shares of 18,099 Dell Technologies Inc. (NYSE:DELL)

Princeton Capital Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,099 shares of the technology company's stock, valued at approximately $2,145,000.

Other large investors have also modified their holdings of the company. Prospera Financial Services Inc raised its stake in Dell Technologies by 394.7% in the 3rd quarter. Prospera Financial Services Inc now owns 16,745 shares of the technology company's stock valued at $1,986,000 after purchasing an additional 13,360 shares during the last quarter. OneAscent Financial Services LLC increased its position in shares of Dell Technologies by 22.2% during the third quarter. OneAscent Financial Services LLC now owns 3,194 shares of the technology company's stock worth $379,000 after acquiring an additional 581 shares during the last quarter. Belmont Capital LLC bought a new stake in shares of Dell Technologies in the third quarter worth $889,000. Pathstone Holdings LLC grew its stake in Dell Technologies by 3.7% in the third quarter. Pathstone Holdings LLC now owns 32,078 shares of the technology company's stock worth $3,803,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Lindenwold Advisors INC grew its position in shares of Dell Technologies by 1.6% during the 3rd quarter. Lindenwold Advisors INC now owns 9,374 shares of the technology company's stock valued at $1,111,000 after buying an additional 144 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company's stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DELL. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Friday, August 30th. TD Cowen decreased their target price on Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday. Raymond James dropped their target price on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. Finally, UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $145.88.

Dell Technologies Stock Down 0.5 %

NYSE DELL traded down $0.71 during trading hours on Tuesday, reaching $135.30. 3,532,969 shares of the company were exchanged, compared to its average volume of 10,036,663. The business's 50 day simple moving average is $123.63 and its 200-day simple moving average is $126.55. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The stock has a market capitalization of $95.03 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the business earned $1.44 earnings per share. Dell Technologies's revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.32%. Dell Technologies's dividend payout ratio is presently 32.72%.

About Dell Technologies

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).