Keybank National Association OH Acquires New Position in Dell Inc. (DELL)

Posted by Shane Hupp on Feb 11th, 2019 // No Comments

Dell logo Keybank National Association OH acquired a new stake in shares of Dell Inc. (NASDAQ:DELL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,190 shares of the technology company’s stock, valued at approximately $400,000.

Several other large investors have also recently modified their holdings of the company. CENTRAL TRUST Co purchased a new position in shares of Dell during the 4th quarter valued at $43,000. Gulf International Bank UK Ltd purchased a new position in shares of Dell during the 4th quarter valued at $3,986,000. State of Alaska Department of Revenue purchased a new position in shares of Dell during the 4th quarter valued at $680,000. Spirit of America Management Corp NY purchased a new position in shares of Dell during the 4th quarter valued at $177,000. Finally, Gateway Investment Advisers LLC purchased a new position in shares of Dell during the 4th quarter valued at $4,001,000. 22.92% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dell from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 4th. Raymond James assumed coverage on shares of Dell in a research report on Monday, January 28th. They set an “outperform” rating and a $57.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Dell in a research report on Monday, January 28th. They set an “outperform” rating and a $56.00 price target for the company. Citigroup assumed coverage on shares of Dell in a research report on Wednesday, January 23rd. They set a “buy” rating and a $55.00 price target for the company. Finally, Morgan Stanley assumed coverage on shares of Dell in a research report on Tuesday, January 15th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $59.75.

Shares of NASDAQ:DELL opened at $51.49 on Monday. Dell Inc. has a 52-week low of $42.02 and a 52-week high of $51.91. The firm has a market capitalization of $39.55 billion, a P/E ratio of 8.35 and a beta of 0.47. 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 earnings results on Thursday, November 29th. The technology company reported $1.82 earnings per share (EPS) for the quarter. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The company had revenue of $22.48 billion during the quarter. Sell-side analysts predict that Dell Inc. will post 6.23 EPS for the current year.

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About Dell

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.