New York State Teachers Retirement System Has $28.89 Million Stake in Dell Technologies Inc. (NYSE:DELL)

New York State Teachers Retirement System increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,721 shares of the technology company’s stock after acquiring an additional 5,800 shares during the quarter. New York State Teachers Retirement System’s holdings in Dell Technologies were worth $28,893,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DELL. Chevy Chase Trust Holdings LLC increased its holdings in shares of Dell Technologies by 4.5% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 162,195 shares of the technology company’s stock valued at $18,691,000 after purchasing an additional 6,951 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares during the period. G&S Capital LLC grew its stake in Dell Technologies by 95.9% in the 4th quarter. G&S Capital LLC now owns 21,785 shares of the technology company’s stock valued at $2,511,000 after buying an additional 10,666 shares during the last quarter. Sawgrass Asset Management LLC raised its holdings in Dell Technologies by 17.1% in the 4th quarter. Sawgrass Asset Management LLC now owns 17,254 shares of the technology company’s stock valued at $1,988,000 after acquiring an additional 2,518 shares during the period. Finally, Clarity Capital Partners LLC lifted its position in Dell Technologies by 8.4% during the fourth quarter. Clarity Capital Partners LLC now owns 13,283 shares of the technology company’s stock worth $1,531,000 after acquiring an additional 1,029 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley reduced their target price 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. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Finally, Citigroup cut their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.94.

Dell Technologies Stock Performance

Shares of DELL opened at $114.28 on Friday. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The firm has a market cap of $80.05 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.91 and a beta of 0.90. The business’s fifty day moving average is $113.18 and its 200-day moving average is $117.12.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during 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 191.91%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Monday, December 16th. 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 in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,564,106 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

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).