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

Princeton Capital Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,099 shares of the technology company’s stock, valued at approximately $2,145,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in Dell Technologies in the first quarter valued at $104,000. National Pension Service lifted its position in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in Dell Technologies during the third quarter worth about $5,780,000. Harvey Capital Management Inc. acquired a new stake in shares of Dell Technologies during the third quarter valued at about $2,848,000. Finally, Chicago Capital LLC raised its stake in shares of Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after acquiring an additional 4,385 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $136.05 on Tuesday. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The stock has a market cap of $95.56 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 0.89. The stock has a 50-day simple moving average of $123.63 and a 200-day simple moving average of $126.55.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 earnings per share. On average, equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.31%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DELL shares. Citigroup lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. UBS Group dropped their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James reduced their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $145.88.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by insiders.

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).