90,353 Shares in Dell Inc. (NASDAQ:DELL) Purchased by Hellman Jordan Management Co. Inc. MA

Hellman Jordan Management Co. Inc. MA bought a new position in shares of Dell Inc. (NASDAQ:DELL) during the first quarter, HoldingsChannel.com reports. The firm bought 90,353 shares of the technology company’s stock, valued at approximately $5,303,000. Dell comprises about 3.7% of Hellman Jordan Management Co. Inc. MA’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DELL. Temasek Holdings Private Ltd acquired a new stake in Dell during the fourth quarter worth approximately $888,545,000. BlackRock Inc. acquired a new stake in Dell during the fourth quarter worth approximately $427,416,000. Elliott Management Corp acquired a new stake in Dell during the fourth quarter worth approximately $323,846,000. Canyon Capital Advisors LLC acquired a new stake in Dell during the fourth quarter worth approximately $211,391,000. Finally, Geode Capital Management LLC acquired a new position in shares of Dell in the 4th quarter valued at $88,862,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.

Shares of DELL traded down $2.51 during mid-day trading on Friday, reaching $51.32. The company had a trading volume of 1,842,136 shares, compared to its average volume of 2,469,169. The firm has a market cap of $36.87 billion, a PE ratio of 8.32 and a beta of 0.47. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $70.55. 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 quarterly earnings results on Friday, March 29th. The technology company reported $4.58 earnings per share 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 $23.84 billion for the quarter. As a group, equities research analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.

A number of equities analysts have weighed in on DELL shares. Morgan Stanley lifted their price target on shares of Dell from $49.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 28th. Citigroup reiterated a “buy” rating and issued a $70.00 price target (up previously from $55.00) on shares of Dell in a report on Friday, March 1st. BMO Capital Markets lifted their price target on shares of Dell from $48.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Zacks Investment Research lowered shares of Dell from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, Credit Suisse Group started coverage on shares of Dell in a report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $66.23.

TRADEMARK VIOLATION NOTICE: “90,353 Shares in Dell Inc. (NASDAQ:DELL) Purchased by Hellman Jordan Management Co. Inc. MA” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2019/06/16/90353-shares-in-dell-inc-nasdaqdell-purchased-by-hellman-jordan-management-co-inc-ma.html.

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.

Featured Article: Do equity income investments outperform growth and income investments?

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Inc. (NASDAQ:DELL).

Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

Receive News & Ratings for Dell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell and related companies with MarketBeat.com's FREE daily email newsletter.