Teacher Retirement System of Texas Sells 64,099 Shares of Dell Technologies Inc. (NYSE:DELL)

Teacher Retirement System of Texas decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 77.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,709 shares of the technology company’s stock after selling 64,099 shares during the period. Teacher Retirement System of Texas’ holdings in Dell Technologies were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Optimist Retirement Group LLC raised its holdings in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Dell Technologies by 529.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after purchasing an additional 11,783 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Dell Technologies by 17.0% during the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after purchasing an additional 201 shares during the last quarter. Cerity Partners LLC increased its position in Dell Technologies by 159.2% during the 3rd quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after purchasing an additional 26,086 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Dell Technologies by 85.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 35,675 shares of the technology company’s stock valued at $4,229,000 after purchasing an additional 16,420 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. JPMorgan Chase & Co. lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 2.7 %

NYSE:DELL opened at $96.20 on Thursday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a fifty day moving average of $104.92 and a 200-day moving average of $116.44. The firm has a market capitalization of $67.38 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.18%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Dell Technologies 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).