Teachers Retirement System of The State of Kentucky Acquires 20,000 Shares of Dell Technologies Inc. (NYSE:DELL)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 284,100 shares of the technology company's stock after purchasing an additional 20,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Dell Technologies were worth $32,740,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth $26,000. Lee Danner & Bass Inc. bought a new position 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 about $28,000. Versant Capital Management Inc increased its position in shares of Dell Technologies by 54.7% during the 4th 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. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DELL shares. TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, Loop Capital decreased their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Trading Up 6.1 %

Shares of DELL stock traded up $5.11 on Wednesday, reaching $89.19. The company's stock had a trading volume of 8,409,162 shares, compared to its average volume of 10,397,572. The company has a market capitalization of $62.24 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock's fifty day simple moving average is $94.69 and its 200-day simple moving average is $111.76. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.35%. 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. Dell Technologies's dividend payout ratio is currently 33.76%.

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).