Teacher Retirement System of Texas Has $5.66 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Teacher Retirement System of Texas boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 232.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,124 shares of the technology company's stock after acquiring an additional 43,415 shares during the quarter. Teacher Retirement System of Texas' holdings in Dell Technologies were worth $5,663,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. increased its position in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies during the 4th quarter worth about $265,052,000. Janus Henderson Group PLC increased its position in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after purchasing an additional 1,082,087 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DELL. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. KeyCorp started coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Raymond James Financial lifted their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, 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 report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

DELL traded up $1.34 on Thursday, reaching $127.97. The company's stock had a trading volume of 5,364,762 shares, compared to its average volume of 8,626,148. The stock has a market cap of $86.87 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02. The business's 50 day moving average is $112.89 and its 200 day moving average is $105.57. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates 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 prior year, the business earned $1.27 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% 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 Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the transaction, the director owned 938,741 shares in the company, valued at $112,958,704.53. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is currently owned by 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).