P Schoenfeld Asset Management LP bought a new position in Dell Inc. (NASDAQ:DELL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,534,538 shares of the technology company’s stock, valued at approximately $74,993,000. Dell comprises 8.1% of P Schoenfeld Asset Management LP’s investment portfolio, making the stock its 4th largest position. P Schoenfeld Asset Management LP owned about 0.20% of Dell as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of DELL. Optimum Investment Advisors bought a new position in shares of Dell in the fourth quarter worth approximately $28,000. Tortoise Investment Management LLC purchased a new stake in Dell in the fourth quarter worth $28,000. Lloyds Banking Group plc purchased a new stake in Dell in the fourth quarter worth $31,000. CENTRAL TRUST Co purchased a new stake in Dell in the fourth quarter worth $43,000. Finally, Proficio Capital Partners LLC purchased a new stake in Dell in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.
Shares of DELL stock opened at $60.23 on Friday. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $60.27. The firm has a market capitalization of $42.01 billion, a P/E ratio of 9.76 and a beta of 0.47. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81.
A number of analysts recently commented on the company. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. BMO Capital Markets raised their price target on Dell from $48.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. 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 note on Thursday, February 28th. UBS Group assumed coverage on Dell in a research note on Tuesday, January 15th. They issued a “neutral” rating for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $55.00) on shares of Dell in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dell has an average rating of “Buy” and an average price target of $60.50.
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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