State of Tennessee Department of Treasury Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

State of Tennessee Department of Treasury increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,380 shares of the technology company's stock after acquiring an additional 8,267 shares during the quarter. State of Tennessee Department of Treasury's holdings in Dell Technologies were worth $13,296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake 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 worth $36,000 after buying an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 0.6 %

Shares of NYSE DELL traded up $0.61 during mid-day trading on Friday, reaching $95.01. 4,465,476 shares of the company were exchanged, compared to its average volume of 10,376,148. The stock has a market capitalization of $66.30 billion, a PE ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.94. The company's 50 day moving average price is $93.79 and its 200 day moving average price is $111.43. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.21%. Dell Technologies's payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Citigroup dropped their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays raised their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.

Dell Technologies Company 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).