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

Principal Financial Group Inc. boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 59.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 459,333 shares of the technology company’s stock after acquiring an additional 170,984 shares during the quarter. Principal Financial Group Inc. owned about 0.07% of Dell Technologies worth $54,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DELL. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter worth $30,000. Nemes Rush Group LLC bought a new position in Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies during the second quarter worth about $34,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Sanford C. Bernstein cut their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Finally, Bank of America raised their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $134.23 on Monday. The company has a market capitalization of $94.28 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The stock has a fifty day moving average of $120.40 and a 200-day moving average of $126.03. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal 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 given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Company 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).