Dell Inc. (DELL) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC lifted its holdings in shares of Dell Inc. (NASDAQ:DELL) by 67.4% during the 1st quarter, HoldingsChannel reports. The fund owned 34,416 shares of the technology company’s stock after buying an additional 13,859 shares during the period. Highland Capital Management LLC’s holdings in Dell were worth $2,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd purchased a new position in Dell during the 4th quarter worth approximately $888,545,000. BlackRock Inc. purchased a new position in Dell during the 4th quarter worth approximately $427,416,000. Elliott Management Corp purchased a new position in Dell during the 4th quarter worth approximately $323,846,000. Canyon Capital Advisors LLC purchased a new position in Dell during the 4th quarter worth approximately $211,391,000. Finally, Geode Capital Management LLC purchased a new position in Dell during the 4th quarter worth approximately $88,862,000. 22.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of DELL stock opened at $62.85 on Friday. Dell Inc. has a twelve month low of $42.02 and a twelve month high of $64.58. The company has a market capitalization of $45.09 billion, a price-to-earnings ratio of 10.19 and a beta of 0.47. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81.

A number of research analysts recently issued reports on DELL shares. Zacks Investment Research downgraded Dell from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup reiterated a “buy” rating and issued a $70.00 target price (up from $55.00) on shares of Dell in a research note on Friday, March 1st. Morgan Stanley began coverage on Dell in a research note on Tuesday, January 15th. They issued an “equal weight” rating on the stock. Finally, Cross Research began coverage on Dell in a research note on Monday, January 7th. They issued a “buy” rating and a $65.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dell presently has an average rating of “Buy” and a consensus target price of $62.00.

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Dell 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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Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

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