Arizona State Retirement System Buys 9,609 Shares of Dell Technologies Inc. (NYSE:DELL)

Arizona State Retirement System lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,298 shares of the technology company's stock after purchasing an additional 9,609 shares during the period. Arizona State Retirement System's holdings in Dell Technologies were worth $10,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DELL. State Street Corp increased its stake in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Swedbank AB increased its stake in shares of Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after acquiring an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after acquiring an additional 1,139,318 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after acquiring an additional 1,002,117 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts have issued reports on DELL shares. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. TD Cowen decreased their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.24.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Trading Down 1.8 %

NYSE DELL traded down $1.65 during trading hours on Friday, hitting $91.37. 10,145,558 shares of the company's stock traded hands, compared to its average volume of 8,892,221. The business's fifty day moving average price is $110.13 and its two-hundred day moving average price is $117.81. The firm has a market capitalization of $64.00 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.30%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's payout ratio is 33.76%.

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).