New York State Common Retirement Fund lifted its stake in Dell Inc. (NYSE:DELL) by 2.2% during the first quarter, HoldingsChannel.com reports. The firm owned 331,718 shares of the technology company’s stock after purchasing an additional 7,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Dell were worth $13,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DELL. Key Financial Inc bought a new stake in shares of Dell in the 1st quarter worth approximately $31,000. Raab & Moskowitz Asset Management LLC bought a new stake in shares of Dell in the 4th quarter worth approximately $33,000. Great Diamond Partners LLC bought a new stake in shares of Dell in the 4th quarter worth approximately $34,000. Verus Capital Partners LLC bought a new stake in shares of Dell in the 4th quarter worth approximately $34,000. Finally, Parallel Advisors LLC boosted its position in shares of Dell by 28.0% in the 1st quarter. Parallel Advisors LLC now owns 1,175 shares of the technology company’s stock worth $46,000 after purchasing an additional 257 shares in the last quarter. 22.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DELL opened at $44.39 on Friday. The firm has a market cap of $33.02 billion, a PE ratio of 6.91, a P/E/G ratio of 0.67 and a beta of 0.82. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 14.05. The firm has a fifty day simple moving average of $40.77 and a two-hundred day simple moving average of $46.32. Dell Inc. has a 1-year low of $25.51 and a 1-year high of $70.39.

Dell (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 27th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.97 by $0.03. The firm had revenue of $24.03 billion during the quarter, compared to analyst estimates of $23.92 billion. Dell had a return on equity of 217.89% and a net margin of 5.30%. Dell’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. As a group, research analysts forecast that Dell Inc. will post 5.59 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Dell from $65.00 to $40.00 and set a “buy” rating for the company in a report on Monday, March 16th. Nomura Securities decreased their price objective on shares of Dell from $48.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Goldman Sachs Group lowered shares of Dell from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $42.00 in a report on Monday, April 13th. Zacks Investment Research lowered shares of Dell from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $42.00 price objective on shares of Dell in a report on Wednesday, March 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.80.

In related news, CEO Michael S. Dell acquired 361,831 shares of Dell stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $34.23 per share, for a total transaction of $12,385,475.13. Following the purchase, the chief executive officer now directly owns 603,338 shares of the company’s stock, valued at approximately $20,652,259.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey W. Clarke sold 55,433 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.66, for a total value of $2,309,338.78. Following the completion of the sale, the chief operating officer now owns 212,277 shares of the company’s stock, valued at $8,843,459.82. The disclosure for this sale can be found here. Corporate insiders own 14.46% of the company’s stock.

Dell Company 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 (NYSE:DELL)

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