Treasurer of the State of North Carolina Sells 2,180 Shares of Dell Technologies Inc. (NYSE:DELL)

Treasurer of the State of North Carolina trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 141,915 shares of the technology company’s stock after selling 2,180 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Dell Technologies were worth $16,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at $28,000. Versant Capital Management Inc lifted its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 3.8 %

Shares of DELL stock opened at $81.96 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The business’s fifty day simple moving average is $98.16 and its 200-day simple moving average is $113.41. The company has a market cap of $57.19 billion, a PE ratio of 14.48, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.56%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were 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 approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group dropped their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $141.24.

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).