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.
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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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