Dell Technologies Inc. $DELL Shares Acquired by Princeton Capital Management LLC

Princeton Capital Management LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,179 shares of the technology company’s stock after purchasing an additional 530 shares during the quarter. Dell Technologies makes up approximately 0.8% of Princeton Capital Management LLC’s holdings, making the stock its 22nd largest holding. Princeton Capital Management LLC’s holdings in Dell Technologies were worth $2,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DELL. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the first quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $27,000. Westside Investment Management Inc. increased its holdings in shares of Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE DELL opened at $149.32 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The firm has a market capitalization of $100.40 billion, a PE ratio of 21.96, a P/E/G ratio of 1.04 and a beta of 1.02. The company’s 50 day simple moving average is $141.98 and its 200 day simple moving average is $126.39.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s payout ratio is 30.88%.

Analysts Set New Price Targets

DELL has been the subject of several recent research reports. Zacks Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Morgan Stanley upped their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI set a $180.00 price target on shares of Dell Technologies and gave the company an “outperform” rating in a report on Monday. Raymond James Financial upped their price target on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Insider Buying and Selling

In related news, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen Jamison Kullman sold 79,806 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the transaction, the director directly owned 65,662 shares in the company, valued at $10,083,056.72. This represents a 54.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,587,755 shares of company stock worth $649,644,973 in the last ninety days. Insiders own 42.00% of the company’s stock.

About Dell Technologies

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).