Arizona State Retirement System Acquires 4,410 Shares of Dell Technologies Inc. (NYSE:DELL)

Arizona State Retirement System raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,708 shares of the technology company's stock after acquiring an additional 4,410 shares during the period. Arizona State Retirement System's holdings in Dell Technologies were worth $8,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after buying an additional 901 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $237,000. Independent Advisor Alliance raised its stake in shares of Dell Technologies by 63.9% during the 4th quarter. Independent Advisor Alliance now owns 5,611 shares of the technology company's stock worth $647,000 after buying an additional 2,187 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Dell Technologies by 14.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 70,286 shares of the technology company's stock worth $8,060,000 after buying an additional 9,031 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after buying an additional 118 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group lowered their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $139.18.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,897,063 shares of company stock valued at $1,570,909,812 in the last three months. Insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 0.2%

Dell Technologies stock traded up $0.30 during midday trading on Thursday, hitting $123.87. The stock had a trading volume of 3,760,913 shares, compared to its average volume of 8,503,606. The stock has a market cap of $84.09 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.14 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The business has a fifty day moving average price of $116.62 and a 200 day moving average price of $105.88.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the firm earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.70%. Dell Technologies's dividend payout ratio is currently 33.49%.

Dell Technologies 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).