Dell Technologies Inc. (NYSE:DELL) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 5.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,058 shares of the technology company’s stock after acquiring an additional 1,983 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dell Technologies were worth $5,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DELL. Dimensional Fund Advisors LP raised its stake in shares of Dell Technologies by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock worth $68,048,000 after buying an additional 3,343 shares during the last quarter. Norges Bank acquired a new position in shares of Dell Technologies during the 4th quarter worth $8,892,000. PNC Financial Services Group Inc. raised its stake in shares of Dell Technologies by 0.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,284 shares of the technology company’s stock worth $2,623,000 after buying an additional 216 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth $183,000. Finally, Franklin Resources Inc. raised its stake in shares of Dell Technologies by 30.8% during the 4th quarter. Franklin Resources Inc. now owns 33,685 shares of the technology company’s stock worth $2,577,000 after buying an additional 7,936 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $117.50 on Monday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The stock has a market capitalization of $83.34 billion, a P/E ratio of 23.98, a PEG ratio of 1.15 and a beta of 0.90. The stock has a 50-day simple moving average of $111.30 and a 200-day simple moving average of $124.35.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. Mizuho initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price for the company. Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Loop Capital boosted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company cut their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen cut their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 1,546,550 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the transaction, the chief executive officer now directly owns 11,912,241 shares of the company’s stock, valued at approximately $1,385,393,628.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Michael S. Dell sold 1,546,550 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the transaction, the chief executive officer now directly owns 11,912,241 shares of the company’s stock, valued at approximately $1,385,393,628.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. Corporate insiders own 46.70% of the company’s stock.

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).