Dell Technologies Inc. (NYSE:DELL) Stake Lifted by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 5.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 37,058 shares of the technology company’s stock after acquiring an additional 1,983 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dell Technologies were worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors bought a new position in Dell Technologies during the first quarter valued at about $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after acquiring an additional 3,038,891 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Dell Technologies by 2,466.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after acquiring an additional 851,867 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Dell Technologies by 159.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 832,144 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 0.2 %

Shares of Dell Technologies stock opened at $117.50 on Monday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The business has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $124.35. The stock has a market cap of $83.34 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. Analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Activity

In other news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the completion of the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael S. Dell sold 1,546,550 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the sale, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock worth $840,653,193 over the last quarter. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Morgan Stanley reduced their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Mizuho initiated coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective for the company. TD Cowen cut their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

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).