Kentucky Retirement Systems Purchases New Holdings in Dell Technologies Inc. (NYSE:DELL)

Kentucky Retirement Systems bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,041 shares of the technology company's stock, valued at approximately $2,376,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $835,946,000. International Assets Investment Management LLC lifted its stake in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company's stock valued at $319,771,000 after acquiring an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Dell Technologies by 4.1% during the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company's stock worth $194,289,000 after purchasing an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company's stock valued at $156,275,000 after purchasing an additional 575,166 shares during the period. Hedge funds and other institutional investors own 38.10% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, August 30th. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. Finally, Citigroup increased their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.88.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last ninety days. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Up 3.4 %

Shares of DELL stock traded up $4.41 during mid-day trading on Monday, hitting $136.05. 6,515,998 shares of the company's stock were exchanged, compared to its average volume of 10,065,902. The stock has a market cap of $95.56 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.39 and a beta of 0.89. The stock has a 50-day simple moving average of $123.03 and a two-hundred day simple moving average of $126.46. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to analysts' expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. During the same quarter in the previous year, the business earned $1.44 EPS. The firm's revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. Dell Technologies's dividend payout ratio (DPR) is presently 32.72%.

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).