BSW Wealth Partners bought a new position in shares of Dell Inc. (NASDAQ:DELL) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 8,475 shares of the technology company’s stock, valued at approximately $497,000.
Several other hedge funds have also made changes to their positions in the company. Strs Ohio bought a new stake in Dell in the fourth quarter worth about $116,000. State Board of Administration of Florida Retirement System bought a new position in Dell in the 4th quarter worth $8,134,000. LS Investment Advisors LLC bought a new position in Dell in the 4th quarter worth $145,000. M&T Bank Corp purchased a new stake in shares of Dell in the 4th quarter worth about $1,078,000. Finally, Optimum Investment Advisors purchased a new stake in shares of Dell in the 4th quarter worth about $28,000. 22.92% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:DELL opened at $53.03 on Thursday. Dell Inc. has a twelve month low of $42.02 and a twelve month high of $70.55. 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 $38.56 billion, a PE ratio of 8.59 and a beta of 0.47.
Dell (NASDAQ:DELL) last issued its quarterly earnings data on Friday, March 29th. The technology company reported $4.58 earnings per share for the quarter. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The firm had revenue of $23.84 billion for the quarter. As a group, analysts expect that Dell Inc. will post 6.23 EPS for the current fiscal year.
Several analysts recently commented on the stock. Raymond James reissued an “outperform” rating and set a $69.00 price objective (down from $74.00) on shares of Dell in a research report on Friday, May 31st. Zacks Investment Research raised shares of Dell from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Dell from $68.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. UBS Group increased their price objective on shares of Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Finally, Morgan Stanley lowered their price objective on shares of Dell from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $66.23.
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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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