State of New Jersey Common Pension Fund D Acquires 11,155 Shares of Dell Technologies Inc. (NYSE:DELL)

State of New Jersey Common Pension Fund D boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,295 shares of the technology company's stock after purchasing an additional 11,155 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Dell Technologies were worth $13,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning raised its position in shares of Dell Technologies by 16.8% in the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company's stock valued at $11,435,000 after buying an additional 14,217 shares in the last quarter. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after buying an additional 463 shares in the last quarter. Good Life Advisors LLC acquired a new position in shares of Dell Technologies in the 3rd quarter valued at approximately $206,000. Global Retirement Partners LLC raised its position in shares of Dell Technologies by 10.0% in the 3rd quarter. Global Retirement Partners LLC now owns 5,680 shares of the technology company's stock valued at $673,000 after buying an additional 515 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Dell Technologies by 37.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,542 shares of the technology company's stock valued at $3,739,000 after buying an additional 8,622 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on 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 of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,407 shares of company stock valued at $114,418,186. Corporate insiders own 46.70% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Citigroup decreased their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a report on Friday. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $145.00.

Dell Technologies Stock Down 1.9 %

DELL traded down $2.23 during trading on Friday, hitting $117.66. 5,654,105 shares of the company's stock were exchanged, compared to its average volume of 8,291,970. The business's 50 day moving average is $113.12 and its two-hundred day moving average is $117.42. Dell Technologies Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $179.70. The stock has a market cap of $82.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies's dividend payout ratio is currently 31.45%.

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).