Prime Capital Investment Advisors LLC Has $1.19 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Prime Capital Investment Advisors LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 368.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,075 shares of the technology company’s stock after buying an additional 7,923 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Dell Technologies were worth $1,194,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC increased its stake in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after purchasing an additional 80 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Dell Technologies by 20.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 645,994 shares of the technology company’s stock worth $76,576,000 after acquiring an additional 108,547 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Dell Technologies by 38.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,923 shares of the technology company’s stock worth $821,000 after acquiring an additional 1,923 shares during the last quarter. FDx Advisors Inc. lifted its position in Dell Technologies by 41.9% in the 3rd quarter. FDx Advisors Inc. now owns 2,918 shares of the technology company’s stock valued at $346,000 after acquiring an additional 861 shares in the last quarter. Finally, Opinicus Capital Inc. acquired a new position in Dell Technologies during the 3rd quarter valued at about $611,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.1 %

Shares of NYSE:DELL opened at $134.43 on Friday. The company has a 50-day moving average price of $121.89 and a two-hundred day moving average price of $126.31. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a market capitalization of $94.42 billion, a PE ratio of 24.71, a P/E/G ratio of 1.44 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its 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. 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 analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 32.72%.

Insider Activity

In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction 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 sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DELL shares. Mizuho started coverage on Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Evercore ISI restated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

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).