Public Employees Retirement Association of Colorado Raises Position in Dell Technologies Inc. (NYSE:DELL)

Public Employees Retirement Association of Colorado raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,194 shares of the technology company's stock after buying an additional 5,450 shares during the period. Public Employees Retirement Association of Colorado's holdings in Dell Technologies were worth $4,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Dell Technologies in the 4th quarter valued at $455,029,000. Vanguard Group Inc. boosted its position in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Swedbank AB grew its stake in Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after acquiring an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after purchasing an additional 1,139,318 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Evercore ISI cut their price target on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Dell Technologies Stock Up 2.8 %

DELL traded up $2.62 on Friday, reaching $94.57. The company had a trading volume of 5,967,016 shares, compared to its average volume of 10,402,253. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The stock has a market capitalization of $65.99 billion, a PE ratio of 16.71, a P/E/G ratio of 1.10 and a beta of 0.94. The stock has a 50-day moving average price of $90.95 and a 200-day moving average price of $110.12.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. Dell Technologies's dividend 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).