New York State Teachers Retirement System Makes New $29.03 Million Investment in Dell Technologies Inc. (NYSE:DELL)

New York State Teachers Retirement System purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, Holdings Channel reports. The firm purchased 244,921 shares of the technology company’s stock, valued at approximately $29,033,000.

Other hedge funds also recently bought and sold shares of the company. Clean Yield Group purchased a new position in Dell Technologies during the third quarter worth approximately $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter valued at approximately $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DELL shares. Sanford C. Bernstein decreased their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Morgan Stanley cut their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Wells Fargo & Company cut their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Down 4.4 %

DELL stock opened at $123.65 on Friday. Dell Technologies Inc. has a 52-week low of $65.73 and a 52-week high of $179.70. The business has a fifty day moving average of $117.78 and a two-hundred day moving average of $125.32. The stock has a market cap of $86.85 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.44%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last ninety days. Company insiders own 46.70% of the company’s stock.

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).