Dell Technologies Inc. (NYSE:DELL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,053 shares of the technology company’s stock after selling 7,391 shares during the period. New York State Common Retirement Fund’s holdings in Dell Technologies were worth $30,175,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $25,000. Crowley Wealth Management Inc. increased its holdings in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock valued at $30,000 after purchasing an additional 150 shares during the period. Finally, McIlrath & Eck LLC increased its holdings in shares of Dell Technologies by 155.8% in the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company’s stock valued at $38,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DELL shares. Wall Street Zen lowered Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday. Mizuho boosted their target price on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Morgan Stanley upped their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. 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, Barclays upped their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Trading Down 0.9%

NYSE:DELL opened at $125.74 on Tuesday. The firm has a 50-day moving average price of $114.88 and a two-hundred day moving average price of $105.56. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The company has a market capitalization of $85.36 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last released 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 negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the business earned $1.27 earnings per share. Dell Technologies’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given 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 1.67%. Dell Technologies’s dividend payout ratio is presently 33.49%.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the sale, the chief accounting officer directly owned 18,948 shares of the company’s stock, valued at approximately $2,392,942.92. This trade represents a 24.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director directly owned 938,741 shares in the company, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,713,977 shares of company stock valued at $1,547,857,229. 42.00% of the stock is currently owned by corporate insiders.

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).