TTP Investments Inc. Takes $204,000 Position in Dell Inc. (NASDAQ:DELL)

TTP Investments Inc. purchased a new position in shares of Dell Inc. (NASDAQ:DELL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,483 shares of the technology company’s stock, valued at approximately $204,000. Dell accounts for 0.3% of TTP Investments Inc.’s holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new position in shares of Dell during the first quarter worth $321,000. Golden State Wealth Management LLC purchased a new position in shares of Dell during the first quarter worth $214,000. Marshall Wace North America L.P. purchased a new position in shares of Dell during the first quarter worth $2,955,000. Fifth Third Bancorp purchased a new position in shares of Dell during the first quarter worth $331,000. Finally, BSW Wealth Partners purchased a new position in shares of Dell during the first quarter worth $497,000. Institutional investors and hedge funds own 22.92% of the company’s stock.

NASDAQ:DELL traded down $2.51 during midday 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 12-month low of $42.02 and a 12-month high of $70.55. 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 (NASDAQ:DELL) last released its earnings results on Friday, March 29th. The technology company reported $4.58 earnings per share (EPS) for the quarter. The firm had revenue of $23.84 billion during the quarter. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. Equities analysts forecast that Dell Inc. will post 6.23 EPS for the current year.

DELL has been the subject of several research analyst reports. Morgan Stanley raised their price target on Dell from $49.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 28th. Citigroup restated a “buy” rating and set a $70.00 price target (up from $55.00) on shares of Dell in a research report on Friday, March 1st. BMO Capital Markets lifted their target price on 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 Dell from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, Credit Suisse Group assumed coverage on Dell in a report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 target price for the company. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.23.

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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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