Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 75.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 498,394 shares of the technology company's stock after purchasing an additional 214,294 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Dell Technologies worth $45,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DELL. J.W. Cole Advisors Inc. grew its stake in Dell Technologies by 16.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 18,215 shares of the technology company's stock worth $1,660,000 after purchasing an additional 2,629 shares in the last quarter. IFP Advisors Inc grew its position in shares of Dell Technologies by 61.6% during the first quarter. IFP Advisors Inc now owns 7,521 shares of the technology company's stock worth $686,000 after buying an additional 2,867 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after buying an additional 125 shares during the period. South Dakota Investment Council acquired a new stake in Dell Technologies in the first quarter valued at approximately $775,000. Finally, Private Advisor Group LLC lifted its stake in Dell Technologies by 40.0% in the first quarter. Private Advisor Group LLC now owns 106,162 shares of the technology company's stock worth $9,677,000 after acquiring an additional 30,313 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 5.8%

NYSE:DELL traded up $7.20 during trading hours on Friday, reaching $131.08. 11,017,744 shares of the company's stock were exchanged, compared to its average volume of 8,515,424. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The firm has a market capitalization of $88.98 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.19 and a beta of 1.02. The company has a 50-day moving average of $117.32 and a 200 day moving average of $105.93.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at approximately $2,392,942.92. This trade represents a 24.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the sale, the director directly owned 980,295 shares in the company, valued at $125,046,430.20. This trade represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. 42.00% of the stock is owned by company insiders.

Analyst Ratings Changes

DELL has been the topic of a number of recent analyst reports. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. 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. Citigroup lifted their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Bank of America raised their target price on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $140.06.

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).