California State Teachers Retirement System Has $58.25 Million Position in Dell Technologies Inc. (NYSE:DELL)

California State Teachers Retirement System grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 505,496 shares of the technology company's stock after buying an additional 43,715 shares during the period. California State Teachers Retirement System owned 0.07% of Dell Technologies worth $58,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies in the 4th quarter valued at $265,052,000. Janus Henderson Group PLC raised its stake in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares during the period. Finally, Swedbank AB raised its stake in shares of Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after acquiring an additional 1,690,709 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL traded down $0.20 during trading on Wednesday, reaching $113.79. The company had a trading volume of 4,536,343 shares, compared to its average volume of 10,167,917. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The business's fifty day moving average price is $94.47 and its 200 day moving average price is $107.62. The company has a market cap of $79.41 billion, a P/E ratio of 20.10, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Raymond James raised their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. UBS Group decreased their price target on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $135.82.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by corporate insiders.

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).