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

Teacher Retirement System of Texas lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 77.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,709 shares of the technology company’s stock after selling 64,099 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dell Technologies were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the last quarter. Alkeon Capital Management LLC raised its position in Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after acquiring an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dell Technologies by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock valued at $223,417,000 after acquiring an additional 213,240 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research reports. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Melius Research increased 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, UBS Group lowered their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 over the last 90 days. 46.70% of the stock is owned by insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $96.20 on Thursday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a market cap of $67.38 billion, a PE ratio of 17.00, a PEG ratio of 1.10 and a beta of 0.83. The company has a 50 day simple moving average of $104.92 and a two-hundred day simple moving average of $116.44.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.18%. Dell Technologies’s payout ratio is 33.76%.

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).