South Dakota Investment Council Takes Position in Dell Technologies Inc. (NYSE:DELL)

South Dakota Investment Council acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,500 shares of the technology company's stock, valued at approximately $775,000.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth $25,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. boosted its holdings in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 1.1%

Shares of Dell Technologies stock traded up $1.39 on Thursday, hitting $128.61. 1,798,539 shares of the company traded hands, compared to its average volume of 7,442,952. The stock's 50 day moving average price is $118.49 and its 200-day moving average price is $106.19. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The company has a market cap of $87.31 billion, a PE ratio of 20.52, a PEG ratio of 1.01 and a beta of 1.02.

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

Dell Technologies Announces Dividend

The firm 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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Buying and Selling

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,917,063 shares of company stock valued at $1,573,509,812 over the last ninety days. Company insiders own 42.00% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of several research reports. Bank of America increased their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup increased their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. UBS Group dropped their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Raymond James Financial increased their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, Morgan Stanley increased their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

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).