SOL Capital Management CO bought a new position in Dell Inc. (NASDAQ:DELL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,706 shares of the technology company’s stock, valued at approximately $452,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new position in shares of Dell in the 4th quarter valued at $983,000. Rhumbline Advisers purchased a new stake in shares of Dell during the fourth quarter worth $16,513,000. First Bank & Trust grew its holdings in shares of Dell by 127.7% during the first quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock worth $259,000 after buying an additional 2,479 shares in the last quarter. Gateway Investment Advisers LLC purchased a new stake in shares of Dell during the fourth quarter worth $4,001,000. Finally, World Asset Management Inc purchased a new stake in shares of Dell during the fourth quarter worth $357,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Dell from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Citigroup upped their price objective on shares of Dell from $70.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday. Credit Suisse Group began coverage on shares of Dell in a report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 price objective for the company. BMO Capital Markets upped their target price on shares of Dell from $48.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Dell presently has an average rating of “Buy” and a consensus price target of $64.91.
NASDAQ:DELL traded up $0.42 during mid-day trading on Friday, hitting $66.12. The stock had a trading volume of 1,885,600 shares, compared to its average volume of 2,427,884. The stock has a market cap of $49.58 billion, a price-to-earnings ratio of 10.72 and a beta of 0.47. Dell Inc. has a twelve month low of $42.02 and a twelve month high of $70.55. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81.
Dell (NASDAQ:DELL) last announced its quarterly earnings results on Friday, March 29th. The technology company reported $4.58 EPS for the quarter. The company 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%. On average, equities analysts anticipate that Dell Inc. will post 6.23 EPS for the current year.
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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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