Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Princeton Capital Management LLC

Princeton Capital Management LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,352 shares of the technology company’s stock after purchasing an additional 3,253 shares during the quarter. Dell Technologies comprises approximately 0.8% of Princeton Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Princeton Capital Management LLC’s holdings in Dell Technologies were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Optimist Retirement Group LLC lifted its holdings in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Dell Technologies by 529.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after acquiring an additional 11,783 shares during the period. Quest Partners LLC boosted its holdings in shares of Dell Technologies by 17.0% in the third quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after acquiring an additional 201 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Dell Technologies by 22.6% in the third quarter. Citigroup Inc. now owns 349,623 shares of the technology company’s stock valued at $41,444,000 after acquiring an additional 64,564 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Dell Technologies by 16.8% during the third quarter. Great Valley Advisor Group Inc. now owns 6,538 shares of the technology company’s stock valued at $775,000 after acquiring an additional 942 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DELL. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Up 2.3 %

NYSE:DELL opened at $99.82 on Tuesday. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.10 and a beta of 0.83. The business’s fifty day moving average price is $105.38 and its 200 day moving average price is $116.61.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

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).