New York State Teachers Retirement System Sells 14,436 Shares of Dell Technologies Inc. $DELL

New York State Teachers Retirement System decreased its position in Dell Technologies Inc. (NYSE:DELL) by 5.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 236,470 shares of the technology company’s stock after selling 14,436 shares during the quarter. New York State Teachers Retirement System’s holdings in Dell Technologies were worth $28,991,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC lifted its holdings in Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. lifted its holdings in Dell Technologies by 16.4% in the second quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after acquiring an additional 124 shares during the period. OneAscent Financial Services LLC lifted its holdings in Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after acquiring an additional 125 shares during the period. MRP Capital Investments LLC raised its stake in shares of Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after buying an additional 125 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of Dell Technologies by 1.2% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company’s stock worth $1,319,000 after buying an additional 125 shares during the period. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group raised their price objective on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. The Goldman Sachs Group raised their price objective on Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Susquehanna raised their price objective on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Dell Technologies Price Performance

DELL stock opened at $149.57 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The company has a market capitalization of $100.57 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.03 and a beta of 1.05. The business has a 50 day simple moving average of $135.90 and a two-hundred day simple moving average of $118.81.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The business had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,617,755 shares of company stock valued at $653,694,973 in the last 90 days. 42.00% of the stock is currently owned by company insiders.

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).