Teachers Retirement System of The State of Kentucky Sells 38,000 Shares of Dell Technologies Inc. (NYSE:DELL)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 231,100 shares of the technology company’s stock after selling 38,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dell Technologies were worth $31,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares during the period. LRI Investments LLC bought a new stake in shares of Dell Technologies in the 1st quarter valued at $104,000. Oppenheimer Asset Management Inc. lifted its position in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares during the period. Tidal Investments LLC boosted its stake in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares in the last quarter. Finally, AlpInvest Partners B.V. acquired a new stake in Dell Technologies in the second quarter worth $3,138,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several research reports. Morgan Stanley reduced their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. UBS Group reduced their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,007,047 shares of company stock valued at $2,265,595,745 over the last three months. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Performance

DELL opened at $118.55 on Tuesday. The firm has a market cap of $84.09 billion, a P/E ratio of 24.19, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The firm has a 50-day moving average of $110.17 and a 200 day moving average of $124.61.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).