Maryland State Retirement & Pension System Has $1.67 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Maryland State Retirement & Pension System lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,515 shares of the technology company’s stock after selling 1,157 shares during the period. Maryland State Retirement & Pension System’s holdings in Dell Technologies were worth $1,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth about $28,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

NYSE DELL opened at $97.62 on Friday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The stock has a market capitalization of $68.38 billion, a PE ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. The company’s 50 day simple moving average is $105.59 and its two-hundred day simple moving average is $116.57.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.15%. Dell Technologies’s dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).