Maven Securities LTD raised its stake in shares of Dell Inc. (NASDAQ:DELL) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 42,275 shares of the technology company’s stock after purchasing an additional 4,324 shares during the quarter. Dell accounts for about 1.4% of Maven Securities LTD’s investment portfolio, making the stock its 28th biggest position. Maven Securities LTD’s holdings in Dell were worth $2,164,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Hanson McClain Inc. increased its holdings in Dell by 823.4% in the 1st quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after buying an additional 387 shares during the period. Trustcore Financial Services LLC bought a new stake in Dell in the first quarter valued at about $26,000. Israel Discount Bank of New York bought a new stake in Dell in the first quarter valued at about $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in Dell in the first quarter worth about $27,000. Finally, Ibex Wealth Advisors acquired a new position in Dell in the second quarter worth about $31,000. Institutional investors own 22.92% of the company’s stock.
Dell stock traded down $0.09 during trading hours on Wednesday, hitting $55.39. 57,277 shares of the stock were exchanged, compared to its average volume of 2,690,820. 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 stock has a market capitalization of $39.49 billion, a P/E ratio of 8.93 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 business’s 50-day moving average is $51.09 and its two-hundred day moving average is $57.19.
Dell (NASDAQ:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.69. The company had revenue of $23.37 billion during 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 business’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Dell Inc. will post 6.23 earnings per share for the current fiscal year.
A number of research analysts have commented on DELL shares. Citigroup cut their price target on shares of Dell from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. UBS Group upped their price objective on Dell from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Evercore ISI set a $63.00 target price on Dell and gave the stock a “buy” rating in a report on Friday, August 30th. Deutsche Bank cut their target price on Dell from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Credit Suisse Group raised their target price on Dell from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Dell presently has an average rating of “Buy” and a consensus target price of $61.38.
In related news, CFO Thomas W. Sweet sold 181,531 shares of Dell stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $52.27, for a total value of $9,488,625.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $58.50, for a total transaction of $1,321,515.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,676,210 shares of company stock worth $241,763,725. 46.00% of the stock is owned by corporate insiders.
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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