8,517 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,517 shares of the technology company's stock, valued at approximately $1,010,000.

Other hedge funds have also modified their holdings of the company. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the second quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in Dell Technologies during the first quarter valued at $30,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new stake in Dell Technologies during the 2nd quarter worth about $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the 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 owns 18,350,822 shares of the company's stock, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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 Price Performance

NYSE:DELL traded up $4.41 during midday trading on Monday, reaching $136.05. The stock had a trading volume of 6,515,998 shares, compared to its average volume of 10,065,902. The stock has a market capitalization of $95.56 billion, a P/E ratio of 25.04, a PEG ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The firm's fifty day simple moving average is $123.03 and its 200-day simple moving average is $126.46.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business 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%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. On average, equities research 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 announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies's payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DELL. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a "buy" rating and a $144.00 target price for the company. Wells Fargo & Company upped their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an "outperform" rating and a $135.00 price objective for the company. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $145.88.

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).