Retirement Systems of Alabama Purchases Shares of 62,718 Dell Technologies Inc. (NYSE:DELL)

Retirement Systems of Alabama acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,718 shares of the technology company’s stock, valued at approximately $7,435,000.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Dell Technologies by 501.0% during the 2nd quarter. Blue Trust Inc. now owns 607 shares of the technology company’s stock valued at $84,000 after purchasing an additional 506 shares in the last quarter. Brookstone Capital Management acquired a new position in Dell Technologies in the second quarter worth approximately $259,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Dell Technologies by 102.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 126,609 shares of the technology company’s stock valued at $17,461,000 after acquiring an additional 63,937 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Dell Technologies by 43.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 392 shares of the technology company’s stock worth $54,000 after acquiring an additional 119 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Dell Technologies by 88.2% in the 2nd quarter. Fifth Third Bancorp now owns 29,517 shares of the technology company’s stock worth $4,071,000 after acquiring an additional 13,831 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,831,110 shares of company stock worth $1,440,368,997. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on DELL. Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Down 0.8 %

DELL stock opened at $118.29 on Wednesday. The firm has a market cap of $83.09 billion, a PE ratio of 20.90, a PEG ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $71.04 and a 1 year high of $179.70. The company has a fifty day simple moving average of $128.14 and a 200 day simple moving average of $123.85.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).