Public Employees Retirement System of Ohio Invests $13.62 Million in Dell Technologies Inc. (NYSE:DELL)

Public Employees Retirement System of Ohio purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 118,204 shares of the technology company's stock, valued at approximately $13,622,000.

A number of other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DELL shares. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Evercore ISI boosted their price objective on Dell Technologies from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Bank of America reduced 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. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $135.82.

Dell Technologies Stock Performance

NYSE DELL traded up $1.76 during trading hours on Tuesday, hitting $113.87. 5,502,443 shares of the company traded hands, compared to its average volume of 10,224,191. The business's 50-day moving average is $93.85 and its 200-day moving average is $107.53. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market capitalization of $79.46 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. 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 annualized dividend and a yield of 1.84%. Dell Technologies's dividend payout ratio is 33.76%.

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).