Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,900 shares of the technology company's stock after acquiring an additional 3,102 shares during the quarter. Principal Securities Inc.'s holdings in Dell Technologies were worth $1,026,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% in the 3rd 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 in the last quarter. MCF Advisors LLC boosted its holdings in shares of Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd boosted its holdings in shares of 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 buying an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after buying an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 over the last ninety days. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Performance

NYSE DELL traded down $2.11 during trading on Friday, reaching $117.78. The company's stock had a trading volume of 3,172,342 shares, compared to its average volume of 8,210,728. Dell Technologies Inc. has a twelve month low of $85.40 and a twelve month high of $179.70. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.11 and a beta of 0.90. The business's fifty day moving average price is $113.12 and its 200-day moving average price is $117.42.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently 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).