Maryland State Retirement & Pension System Has $1.67 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Maryland State Retirement & Pension System trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,515 shares of the technology company’s stock after selling 1,157 shares during the period. Maryland State Retirement & Pension System’s holdings in Dell Technologies were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Versant Capital Management Inc increased its stake in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated 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 owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % 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 worth $100,327,453 over the last quarter. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DELL shares. JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Down 1.3 %

Shares of Dell Technologies stock opened at $97.62 on Friday. The stock has a market cap of $68.38 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company’s fifty day moving average is $105.59 and its 200 day moving average is $116.57.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.15%. Dell Technologies’s payout ratio is presently 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).