16,200 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,200 shares of the technology company’s stock, valued at approximately $1,920,000.

Several other hedge funds have also made changes to their positions in DELL. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Dell Technologies by 18.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,919 shares of the technology company’s stock worth $2,615,000 after purchasing an additional 3,573 shares during the last quarter. State of Michigan Retirement System raised its stake in Dell Technologies by 28.0% during the 1st quarter. State of Michigan Retirement System now owns 18,896 shares of the technology company’s stock valued at $2,156,000 after acquiring an additional 4,138 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in Dell Technologies during the 1st quarter valued at $309,000. Private Advisor Group LLC raised its stake in Dell Technologies by 61.8% during the 1st quarter. Private Advisor Group LLC now owns 22,770 shares of the technology company’s stock valued at $2,598,000 after acquiring an additional 8,696 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC raised its stake in Dell Technologies by 7.4% during the 1st quarter. Lineweaver Wealth Advisors LLC now owns 14,234 shares of the technology company’s stock valued at $1,624,000 after acquiring an additional 976 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Morgan Stanley cut their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Bank of America lifted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Transactions at Dell Technologies

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 transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 6.4 %

Shares of Dell Technologies stock opened at $129.41 on Thursday. The stock has a market cap of $91.79 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. The business has a fifty day simple moving average of $117.48 and a 200-day simple moving average of $125.33. Dell Technologies Inc. has a 12 month low of $65.73 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its 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. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 earnings per share. Analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.38%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).