Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 7,999 Dell Technologies Inc. (NYSE:DELL)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,999 shares of the technology company's stock, valued at approximately $729,000.

A number of other hedge funds have also made changes to their positions in DELL. Intact Investment Management Inc. purchased a new position in Dell Technologies in the 1st quarter worth approximately $693,000. Garde Capital Inc. acquired a new position in shares of Dell Technologies during the first quarter worth $50,000. Woodmont Investment Counsel LLC boosted its stake in shares of Dell Technologies by 30.7% in the first quarter. Woodmont Investment Counsel LLC now owns 79,030 shares of the technology company's stock valued at $7,204,000 after purchasing an additional 18,565 shares during the period. Monte Financial Group LLC grew its holdings in Dell Technologies by 30.5% during the 1st quarter. Monte Financial Group LLC now owns 65,071 shares of the technology company's stock valued at $5,518,000 after purchasing an additional 15,220 shares in the last quarter. Finally, Deltec Asset Management LLC grew its holdings in Dell Technologies by 174.2% during the 1st quarter. Deltec Asset Management LLC now owns 101,704 shares of the technology company's stock valued at $9,270,000 after purchasing an additional 64,607 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 310,771 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $113.99, for a total value of $35,424,786.29. Following the completion of the transaction, the director now directly owns 877,339 shares of the company's stock, valued at $100,007,872.61. This represents a 26.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,482,977 shares of company stock valued at $168,988,489 over the last three months. Company insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DELL shares. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Citigroup boosted their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group lowered their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Morgan Stanley lifted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Down 1.1%

Shares of NYSE:DELL traded down $1.37 on Friday, reaching $124.61. 1,076,730 shares of the company's stock were exchanged, compared to its average volume of 8,845,855. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23. The business's 50-day moving average is $106.72 and its two-hundred day moving average is $105.10. The firm has a market capitalization of $84.59 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.11 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the company earned $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.69%. Dell Technologies's payout ratio is currently 33.49%.

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).