Public Employees Retirement System of Ohio Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

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

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

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction 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 approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $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. Company insiders own 46.70% of the company's stock.

Dell Technologies Trading Down 0.5%

DELL traded down $0.61 during mid-day trading on Thursday, hitting $113.16. 4,586,370 shares of the stock were exchanged, compared to its average volume of 10,146,690. The firm's fifty day moving average is $94.47 and its two-hundred day moving average is $107.62. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The company has a market cap of $78.97 billion, a PE ratio of 19.97, a PEG ratio of 1.10 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup increased their price target on Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Morgan Stanley raised their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.82.

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).