New York State Teachers Retirement System Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

New York State Teachers Retirement System raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,721 shares of the technology company's stock after acquiring an additional 5,800 shares during the quarter. New York State Teachers Retirement System's holdings in Dell Technologies were worth $28,893,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after purchasing an additional 165 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock traded up $0.62 during mid-day trading on Wednesday, reaching $120.96. 6,697,017 shares of the company's stock traded hands, compared to its average volume of 8,461,152. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The firm has a 50 day moving average price of $113.06 and a two-hundred day moving average price of $117.38. The firm has a market capitalization of $84.73 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DELL shares. Citigroup lowered their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Mizuho decreased their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $145.65.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock valued at $115,564,106. Company insiders own 46.70% of the company's stock.

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).