Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Dell Inc. (NASDAQ:DELL) by 64.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,058 shares of the technology company’s stock after purchasing an additional 78,200 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Dell were worth $10,112,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Dell during the second quarter valued at approximately $1,633,000. Asahi Life Asset Management CO. LTD. lifted its stake in Dell by 180.8% in the second quarter. Asahi Life Asset Management CO. LTD. now owns 29,036 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 18,694 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Dell during the 2nd quarter worth about $1,621,000. Schroder Investment Management Group raised its holdings in Dell by 39.2% in the second quarter. Schroder Investment Management Group now owns 67,712 shares of the technology company’s stock worth $3,440,000 after purchasing an additional 19,080 shares in the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in shares of Dell during the second quarter valued at about $547,000. Institutional investors own 22.92% of the company’s stock.
In other news, insider Maya Mcreynolds sold 3,099 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $55.00, for a total transaction of $170,445.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $58.50, for a total value of $1,321,515.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,676,210 shares of company stock worth $241,763,725. Company insiders own 46.00% of the company’s stock.
Several research firms recently commented on DELL. Barclays increased their target price on shares of Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Evercore ISI set a $63.00 price target on Dell and gave the stock a “buy” rating in a report on Friday, August 30th. Raymond James increased their price objective on shares of Dell from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Citigroup cut their price objective on Dell from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. set a $72.00 price target on Dell and gave the company a “buy” rating in a report on Friday, August 30th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $61.38.
Shares of DELL traded up $1.07 during trading hours on Tuesday, reaching $55.36. The company had a trading volume of 1,479,121 shares, compared to its average volume of 2,687,811. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $39.01 billion, a price-to-earnings ratio of 8.97 and a beta of 0.47. Dell Inc. has a 12-month low of $42.02 and a 12-month high of $70.55. The firm has a 50 day simple moving average of $51.13 and a 200-day simple moving average of $57.19.
Dell (NASDAQ:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.69. The business had revenue of $23.37 billion for the quarter, compared to analyst estimates of $23.32 billion. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Dell Inc. will post 6.23 earnings per share for the current year.
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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