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

Principal Financial Group Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL) by 59.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459,333 shares of the technology company’s stock after purchasing an additional 170,984 shares during the period. Principal Financial Group Inc. owned 0.07% of Dell Technologies worth $54,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group acquired a new position in shares of Dell Technologies during the third quarter worth approximately $25,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC bought a new position in shares of Dell Technologies in the second quarter worth $33,000. Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $34,000. Finally, MCF Advisors LLC raised its stake in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction 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 completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,121,920 shares of company stock worth $1,239,426,444 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Citigroup dropped their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Stock Up 3.4 %

DELL opened at $115.77 on Monday. The firm has a market capitalization of $81.09 billion, a P/E ratio of 20.45, a PEG ratio of 1.26 and a beta of 0.90. The stock has a fifty day moving average of $127.46 and a 200-day moving average of $123.50. Dell Technologies Inc. has a 12-month low of $73.39 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Dell Technologies’s payout ratio is 31.45%.

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).