Teachers Retirement System of The State of Kentucky Buys 33,000 Shares of Dell Technologies Inc. (NYSE:DELL)

Teachers Retirement System of The State of Kentucky lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,100 shares of the technology company's stock after acquiring an additional 33,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Dell Technologies were worth $31,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. National Pension Service grew its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock worth $1,345,000 after purchasing an additional 5,203 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in Dell Technologies in the 3rd quarter valued at about $5,780,000. Harvey Capital Management Inc. acquired a new position in Dell Technologies during the 3rd quarter worth approximately $2,848,000. Finally, Chicago Capital LLC boosted its holdings in Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company's stock worth $14,399,000 after acquiring an additional 4,385 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE DELL traded up $1.90 on Wednesday, hitting $118.69. 7,705,328 shares of the stock traded hands, compared to its average volume of 10,105,125. Dell Technologies Inc. has a 12 month low of $68.94 and a 12 month high of $179.70. The business's fifty day moving average is $128.08 and its two-hundred day moving average is $125.41. The firm has a market capitalization of $83.37 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.30 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for 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 184.20%. Dell Technologies's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. Analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction dated 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 directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234. 46.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DELL. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Raymond James dropped their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, August 30th. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $148.06.

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).