Dell Technologies Inc. (NYSE:DELL) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Dell Technologies Inc. (NYSE:DELL) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,692 shares of the technology company’s stock after acquiring an additional 5,362 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dell Technologies were worth $11,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DELL. Greenleaf Trust boosted its stake in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after buying an additional 122 shares during the last quarter. ORG Partners LLC boosted its stake in Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after buying an additional 140 shares during the last quarter. Signet Financial Management LLC boosted its stake in Dell Technologies by 0.4% during the fourth quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after buying an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Dell Technologies by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock valued at $270,000 after purchasing an additional 188 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider William F. Scannell sold 106,483 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last three months. 48.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DELL has been the topic of several recent analyst reports. TD Cowen upped their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. The Goldman Sachs Group upped their price target on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company boosted their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Price Performance

Shares of DELL traded up $4.68 during mid-day trading on Thursday, reaching $124.88. The company’s stock had a trading volume of 6,804,468 shares, compared to its average volume of 7,170,983. Dell Technologies Inc. has a 12-month low of $41.47 and a 12-month high of $136.16. The stock has a market cap of $89.14 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.92. The company’s 50 day moving average is $110.94 and its 200 day moving average is $87.44.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date is Monday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. Dell Technologies’s dividend payout ratio is 40.73%.

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).