Principal Financial Group Inc. Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Principal Financial Group Inc. grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493,959 shares of the technology company's stock after purchasing an additional 34,626 shares during the quarter. Principal Financial Group Inc. owned about 0.07% of Dell Technologies worth $56,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DELL. Intrepid Financial Planning Group LLC grew its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock worth $1,423,000 after buying an additional 80 shares during the period. Smithfield Trust Co raised its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after buying an additional 84 shares during the period. Graypoint LLC grew its stake in Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock valued at $247,000 after acquiring an additional 86 shares during the period. ASB Consultores LLC lifted its position in Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after acquiring an additional 87 shares in the last quarter. Finally, Equitable Trust Co. increased its holdings in Dell Technologies by 3.1% during the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company's stock worth $349,000 after purchasing an additional 88 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 1.9 %

NYSE DELL traded down $2.23 during trading on Friday, hitting $117.66. The company had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. The company has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company's fifty day moving average is $113.12 and its 200-day moving average is $117.42. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.36% and a negative return on equity of 191.91%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's payout ratio is presently 31.45%.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock worth $114,418,186 over the last quarter. Company insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DELL shares. Evercore ISI reissued an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $145.00.

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).