33,405 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,405 shares of the technology company’s stock, valued at approximately $3,959,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors acquired a new stake in shares of Dell Technologies in the 1st quarter worth approximately $835,946,000. International Assets Investment Management LLC lifted its stake in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after buying an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after buying an additional 575,166 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Up 6.4 %

Shares of DELL opened at $129.41 on Thursday. The firm has a market capitalization of $91.79 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. The stock’s fifty day simple moving average is $117.48 and its 200 day simple moving average is $125.33. Dell Technologies Inc. has a twelve month low of $65.73 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.38%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company reduced their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 0.00 % 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. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s 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 owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

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).