Oregon Public Employees Retirement Fund Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Oregon Public Employees Retirement Fund raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,353 shares of the technology company’s stock after purchasing an additional 1,753 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dell Technologies were worth $3,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Optimist Retirement Group LLC boosted its holdings in Dell Technologies by 27.3% in 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 during the period. Louisiana State Employees Retirement System bought a new position in shares of Dell Technologies in the third quarter worth about $1,920,000. State of Alaska Department of Revenue purchased a new stake in shares of Dell Technologies during the third quarter worth about $3,959,000. abrdn plc raised its stake in Dell Technologies by 1,474.6% during the 3rd quarter. abrdn plc now owns 104,630 shares of the technology company’s stock valued at $12,360,000 after purchasing an additional 97,985 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in Dell Technologies by 24.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,428 shares of the technology company’s stock worth $413,000 after purchasing an additional 684 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, 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 completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock worth $114,418,186 in the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 6.9 %

DELL stock opened at $107.63 on Friday. The firm’s fifty day simple moving average is $112.83 and its two-hundred day simple moving average is $118.12. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DELL shares. 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 report on Monday, December 2nd. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup decreased their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

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).