Dell Technologies Inc. (NYSE:DELL) Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System raised its position in Dell Technologies Inc. (NYSE:DELL) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 98,458 shares of the technology company’s stock after purchasing an additional 5,800 shares during the period. State of Michigan Retirement System’s holdings in Dell Technologies were worth $11,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. grew its position in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares during the last quarter. National Pension Service increased its stake in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares in the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $848,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 929,407 shares of company stock valued at $113,411,626 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DELL. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. The Goldman Sachs Group lowered their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Barclays lifted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

Dell Technologies stock opened at $97.31 on Thursday. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a market cap of $68.16 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The stock’s 50-day moving average is $111.17 and its 200-day moving average is $118.04.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

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).