Dell Inc. (NASDAQ:DELL) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in Dell Inc. (NASDAQ:DELL) by 76.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,923 shares of the technology company’s stock after acquiring an additional 20,700 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Dell were worth $2,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Dell by 49.3% in the first quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock valued at $766,504,000 after purchasing an additional 4,314,243 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Dell during the fourth quarter worth about $88,862,000. FMR LLC acquired a new stake in Dell during the fourth quarter worth about $76,945,000. Norges Bank acquired a new stake in Dell during the fourth quarter worth about $70,497,000. Finally, JPMorgan Chase & Co. increased its stake in Dell by 228.9% during the first quarter. JPMorgan Chase & Co. now owns 900,678 shares of the technology company’s stock worth $52,862,000 after acquiring an additional 626,849 shares during the last quarter. 22.92% of the stock is owned by institutional investors.

DELL traded down $5.28 on Friday, reaching $52.41. The company’s stock had a trading volume of 10,526,181 shares, compared to its average volume of 2,571,542. The firm has a market cap of $37.66 billion, a PE ratio of 8.49 and a beta of 0.47. Dell Inc. has a 1 year low of $42.02 and a 1 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. The firm has a 50 day moving average of $53.75.

Dell (NASDAQ:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.30. The firm had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.

In other Dell news, insider Allison Dew sold 22,590 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $58.50, for a total transaction of $1,321,515.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Jeffrey W. Clarke sold 303,753 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $52.28, for a total value of $15,880,206.84. The disclosure for this sale can be found here. Insiders sold 1,441,477 shares of company stock valued at $75,859,006 in the last three months. 46.00% of the stock is currently owned by company insiders.

Several equities research analysts have commented on DELL shares. UBS Group upped their price target on Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Raymond James restated an “outperform” rating and set a $69.00 price target (down from $74.00) on shares of Dell in a research note on Friday, May 31st. Deutsche Bank initiated coverage on Dell in a research note on Wednesday, June 19th. They set a “buy” rating and a $62.00 price target for the company. Credit Suisse Group initiated coverage on Dell in a research report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, Citigroup upped their target price on Dell from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.27.

Dell Profile

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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