Dell Technologies Inc. (NYSE:DELL) Position Boosted by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,380 shares of the technology company's stock after acquiring an additional 8,267 shares during the quarter. State of Tennessee Department of Treasury's holdings in Dell Technologies were worth $13,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the 4th quarter valued at about $1,272,000. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $848,000. Empowered Funds LLC boosted its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in shares of Dell Technologies during the 3rd quarter worth about $7,435,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE DELL traded up $0.61 during trading hours on Friday, hitting $95.01. The company had a trading volume of 4,465,476 shares, compared to its average volume of 10,409,956. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The company has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94. The firm's 50 day moving average is $93.29 and its 200 day moving average is $111.07.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Citigroup decreased their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 46.70% of the company's stock.

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).