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

Public Employees Retirement Association of Colorado boosted its holdings in Dell Technologies Inc. (NYSE:DELLFree Report) by 765.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,142 shares of the technology company’s stock after buying an additional 34,620 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dell Technologies were worth $2,994,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DELL. Boston Partners increased its position in shares of Dell Technologies by 2.1% during the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the last quarter. FMR LLC grew its stake in shares of Dell Technologies by 59.6% during the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after acquiring an additional 3,499,760 shares during the period. Morgan Stanley grew its stake in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after acquiring an additional 2,472,866 shares during the period. Alkeon Capital Management LLC grew its stake in shares of Dell Technologies by 241.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after acquiring an additional 3,023,625 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Dell Technologies by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock valued at $221,605,000 after acquiring an additional 998,298 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $129.97 on Friday. Dell Technologies Inc. has a 1-year low of $47.20 and a 1-year high of $179.70. The stock’s 50-day moving average is $133.24 and its 200 day moving average is $103.17. The company has a market cap of $92.77 billion, a P/E ratio of 26.52, a PEG ratio of 1.66 and a beta of 0.85.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. Evercore ISI upped their price target on Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Bank of America increased their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Sanford C. Bernstein increased their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Citigroup increased their price target on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, TD Cowen increased their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen 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 price target of $135.81.

View Our Latest Stock Report on Dell Technologies

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Insiders have sold a total of 5,140,363 shares of company stock valued at $567,496,872 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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