California Public Employees Retirement System Has $12.68 Million Position in Dell Inc. (DELL)

California Public Employees Retirement System decreased its holdings in Dell Inc. (NASDAQ:DELL) by 5.7% in the first quarter, Holdings Channel reports. The fund owned 216,057 shares of the technology company’s stock after selling 13,148 shares during the quarter. California Public Employees Retirement System’s holdings in Dell were worth $12,680,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in Dell in the 4th quarter worth about $983,000. Rhumbline Advisers purchased a new stake in Dell in the 4th quarter worth about $16,513,000. First Bank & Trust raised its position in Dell by 127.7% in the 1st quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock worth $259,000 after purchasing an additional 2,479 shares during the period. World Asset Management Inc purchased a new stake in Dell in the 4th quarter worth about $357,000. Finally, Sawgrass Asset Management LLC purchased a new stake in Dell in the 4th quarter worth about $8,246,000. 22.92% of the stock is owned by hedge funds and other institutional investors.

DELL has been the topic of a number of recent analyst reports. Raymond James initiated coverage on shares of Dell in a research report on Monday, January 28th. They issued an “outperform” rating and a $57.00 price objective on the stock. Credit Suisse Group initiated coverage on shares of Dell in a research report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 price objective on the stock. Zacks Investment Research lowered shares of Dell from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Citigroup initiated coverage on shares of Dell in a research report on Wednesday, January 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on shares of Dell from $48.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Dell currently has an average rating of “Buy” and an average target price of $64.91.

Shares of NASDAQ:DELL opened at $69.65 on Wednesday. The company has a market cap of $49.51 billion, a PE ratio of 11.29 and a beta of 0.47. Dell Inc. has a one year low of $42.02 and a one year high of $70.55. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.82 and a current ratio of 0.90.

Dell (NASDAQ:DELL) last issued its earnings results on Friday, March 29th. The technology company reported $4.58 EPS for the quarter. The business had revenue of $23.84 billion for the quarter. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. Sell-side analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.

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About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

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