Northpointe Capital LLC purchased a new position in shares of Dell Inc. (NASDAQ:DELL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,654 shares of the technology company’s stock, valued at approximately $2,738,000.
A number of other large investors also recently modified their holdings of the stock. Kistler Tiffany Companies LLC acquired a new stake in Dell during the first quarter worth approximately $28,000. Cohen Klingenstein LLC acquired a new stake in Dell during the first quarter worth approximately $813,000. Flagship Harbor Advisors LLC grew its position in Dell by 24,742.9% during the first quarter. Flagship Harbor Advisors LLC now owns 1,739 shares of the technology company’s stock worth $102,000 after buying an additional 1,732 shares in the last quarter. First Bank & Trust grew its position in Dell by 127.7% during the first quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock worth $259,000 after buying an additional 2,479 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in Dell during the first quarter worth approximately $68,000. 22.92% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ DELL traded down $0.03 on Wednesday, hitting $62.76. 8,218 shares of the company’s stock were exchanged, compared to its average volume of 2,800,274. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $64.58. The stock has a market capitalization of $45.30 billion, a PE ratio of 10.22 and a beta of 0.47.
A number of equities research analysts recently issued reports on DELL shares. JPMorgan Chase & Co. started coverage on Dell in a research report on Friday, December 28th. They set an “overweight” rating and a $60.00 price target on the stock. Royal Bank of Canada started coverage on Dell in a research report on Monday, January 28th. They set an “outperform” rating and a $56.00 price target on the stock. BMO Capital Markets assumed coverage on Dell in a research report on Thursday, January 10th. They set a “market perform” rating on the stock. Wolfe Research assumed coverage on Dell in a research note on Wednesday, January 9th. They set an “outperform” rating and a $58.00 target price for the company. Finally, Raymond James assumed coverage on Dell in a research note on Monday, January 28th. They set an “outperform” rating and a $57.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.00.
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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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