Reynders McVeigh Capital Management LLC raised its holdings in Dell Inc. (NASDAQ:DELL) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,654 shares of the technology company’s stock after purchasing an additional 253 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Dell were worth $236,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC acquired a new position in shares of Dell in the 1st quarter valued at approximately $37,000. Stratos Wealth Partners LTD. acquired a new position in shares of Dell in the 1st quarter valued at approximately $299,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Dell in the 1st quarter valued at approximately $781,000. Investec Asset Management PTY Ltd raised its position in shares of Dell by 666.5% in the 2nd quarter. Investec Asset Management PTY Ltd now owns 22,965 shares of the technology company’s stock valued at $1,179,000 after purchasing an additional 19,969 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Dell by 36.9% in the 1st quarter. Teacher Retirement System of Texas now owns 95,059 shares of the technology company’s stock valued at $5,579,000 after purchasing an additional 25,605 shares in the last quarter. 22.92% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on DELL. Wells Fargo & Co assumed coverage on Dell in a research report on Monday, July 29th. They issued an “outperform” rating and a $68.00 target price on the stock. Deutsche Bank dropped their price target on Dell from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Zacks Investment Research raised Dell from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Barclays assumed coverage on Dell in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $53.00 price target on the stock. Finally, Citigroup dropped their price target on Dell from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $62.75.
Dell (NASDAQ:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.30. The firm had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. Dell’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Dell Inc. will post 6.23 EPS for the current year.
In related news, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $58.50, for a total transaction of $1,321,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas W. Sweet sold 181,531 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $52.27, for a total value of $9,488,625.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,599,179 shares of company stock valued at $83,688,997. 46.00% of the stock is owned by company insiders.
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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