Alaska Permanent Fund Corp Lowers Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Alaska Permanent Fund Corp trimmed its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,834 shares of the technology company's stock after selling 8,166 shares during the period. Alaska Permanent Fund Corp's holdings in Dell Technologies were worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth about $79,000. Aspire Private Capital LLC boosted its position in shares of Dell Technologies by 3.3% during the fourth quarter. Aspire Private Capital LLC now owns 13,512 shares of the technology company's stock worth $1,034,000 after buying an additional 429 shares during the period. RWA Wealth Partners LLC boosted its position in shares of Dell Technologies by 89.2% during the fourth quarter. RWA Wealth Partners LLC now owns 10,080 shares of the technology company's stock worth $771,000 after buying an additional 4,753 shares during the period. Monument Capital Management boosted its position in shares of Dell Technologies by 19.6% during the fourth quarter. Monument Capital Management now owns 4,836 shares of the technology company's stock worth $370,000 after buying an additional 791 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Dell Technologies by 50.3% during the fourth quarter. Handelsbanken Fonder AB now owns 140,479 shares of the technology company's stock worth $10,747,000 after acquiring an additional 46,993 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DELL shares. UBS Group upped their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Evercore ISI upped their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Barclays upped their target price on Dell Technologies from $53.00 to $94.00 and gave the stock an "underweight" rating in a report on Friday, March 1st. Sanford C. Bernstein upped their price objective on Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Finally, Morgan Stanley upped their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.63.

Dell Technologies Stock Down 0.4 %

Shares of DELL stock traded down $0.44 during trading hours on Wednesday, reaching $120.19. The company's stock had a trading volume of 5,805,341 shares, compared to its average volume of 7,176,616. The firm's 50 day simple moving average is $110.94 and its 200-day simple moving average is $87.44. The company has a market capitalization of $85.79 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.46 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $136.16.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company's revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. Dell Technologies's dividend payout ratio (DPR) is currently 40.73%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total value of $211,557,494.39. Following the completion of the transaction, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares of the company's stock, valued at $51,626,226.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is currently 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).