Kentucky Retirement Systems Sells 272 Shares of Dell Technologies Inc. (NYSE:DELL)

Kentucky Retirement Systems lessened its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,769 shares of the technology company’s stock after selling 272 shares during the period. Kentucky Retirement Systems’ holdings in Dell Technologies were worth $2,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Cromwell Holdings LLC bought a new position in Dell Technologies during the fourth quarter worth $48,000. ING Groep NV acquired a new stake in Dell Technologies in the fourth quarter worth $4,521,000. Citizens National Bank Trust Department grew its holdings in Dell Technologies by 21.8% in the fourth quarter. Citizens National Bank Trust Department now owns 19,289 shares of the technology company’s stock worth $2,223,000 after purchasing an additional 3,448 shares during the period. Handelsbanken Fonder AB grew its holdings in Dell Technologies by 101.0% in the fourth quarter. Handelsbanken Fonder AB now owns 183,991 shares of the technology company’s stock worth $21,203,000 after purchasing an additional 92,438 shares during the period. Finally, Private Wealth Partners LLC grew its holdings in Dell Technologies by 13.1% in the fourth quarter. Private Wealth Partners LLC now owns 6,186 shares of the technology company’s stock worth $713,000 after purchasing an additional 716 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on DELL. JPMorgan Chase & Co. reduced 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. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Dell Technologies Stock Performance

Shares of DELL stock opened at $117.66 on Friday. The firm has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.10 and a beta of 0.90. The firm’s 50-day simple moving average is $113.11 and its two-hundred day simple moving average is $117.55. Dell Technologies Inc. has a 52 week low of $85.40 and a 52 week high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

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).