DNB Asset Management AS acquired a new stake in Dell Inc. (NASDAQ:DELL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 36,627 shares of the technology company’s stock, valued at approximately $2,150,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd bought a new position in Dell during the 4th quarter worth $888,545,000. BlackRock Inc. bought a new position in Dell during the 4th quarter worth $427,416,000. Elliott Management Corp bought a new position in Dell during the 4th quarter worth $323,846,000. Canyon Capital Advisors LLC bought a new position in Dell during the 4th quarter worth $211,391,000. Finally, Geode Capital Management LLC bought a new position in Dell during the 4th quarter worth $88,862,000. 22.92% of the stock is owned by institutional investors.
Shares of NASDAQ DELL opened at $62.79 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $64.58. The firm has a market capitalization of $45.63 billion, a P/E ratio of 10.18 and a beta of 0.47.
Several research analysts have weighed in on DELL shares. JPMorgan Chase & Co. started coverage on Dell in a research report on Friday, December 28th. They set an “overweight” rating and a $60.00 price objective on the stock. Royal Bank of Canada started coverage on Dell in a research report on Monday, January 28th. They set an “outperform” rating and a $56.00 price objective on the stock. BMO Capital Markets started coverage on Dell in a research report on Thursday, January 10th. They set a “market perform” rating on the stock. Wolfe Research began coverage on Dell in a research report on Wednesday, January 9th. They set an “outperform” rating and a $58.00 price objective on the stock. Finally, Raymond James began coverage on Dell in a research report on Monday, January 28th. They issued an “outperform” rating and a $57.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $62.00.
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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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