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

Prime Capital Investment Advisors LLC boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 368.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the second quarter worth approximately $28,000. Clean Yield Group bought a new position in Dell Technologies during the 3rd quarter worth $25,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the second quarter worth $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the first quarter valued at about $30,000. 38.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Raymond James dropped their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. TD Cowen cut their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company cut their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $144.63.

Insiders Place Their Bets

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. 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 business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last ninety days. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $134.43 on Friday. The company’s 50 day moving average price is $121.89 and its two-hundred day moving average price is $126.31. The firm has a market capitalization of $94.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.44 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

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

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).