Retirement Systems of Alabama Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

Retirement Systems of Alabama bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,718 shares of the technology company's stock, valued at approximately $7,435,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Clean Yield Group purchased a new position in Dell Technologies in the third quarter worth about $25,000. True Wealth Design LLC grew its position in 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 buying an additional 253 shares during the period. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the second quarter valued at approximately $33,000. Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter worth approximately $34,000. Finally, MCF Advisors LLC boosted its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $5.61 during midday trading on Wednesday, reaching $112.67. 7,301,073 shares of the stock traded hands, compared to its average volume of 10,029,446. The company's 50 day moving average is $127.95 and its 200 day moving average is $123.78. Dell Technologies Inc. has a one year low of $72.31 and a one year high of $179.70. The stock has a market capitalization of $79.14 billion, a PE ratio of 19.91, a P/E/G ratio of 1.26 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 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business's revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DELL shares. Fox Advisors upgraded Dell Technologies from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 30th. UBS Group lowered their price objective on 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 decreased their target price on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company's stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,831,110 shares of company stock valued at $1,440,368,997. 46.70% of the stock is currently owned by insiders.

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).