Capital Investment Counsel Inc purchased a new position in Dell Inc. (NASDAQ:DELL) during the fourth quarter, Holdings Channel reports. The fund purchased 3,742 shares of the technology company’s stock, valued at approximately $299,000.
Other large investors also recently modified their holdings of the company. KBC Group NV bought a new stake in shares of Dell during the fourth quarter valued at about $35,584,000. SG Americas Securities LLC bought a new stake in shares of Dell during the fourth quarter valued at about $23,379,000. Rhumbline Advisers bought a new stake in shares of Dell during the fourth quarter valued at about $16,513,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Dell during the fourth quarter valued at about $8,134,000. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Dell during the fourth quarter worth about $8,246,000. 22.92% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on DELL shares. Raymond James started coverage on Dell in a report on Monday, January 28th. They set an “outperform” rating and a $57.00 price objective for the company. Bank of America started coverage on Dell in a research note on Friday, January 4th. They issued a “buy” rating and a $63.00 target price for the company. JPMorgan Chase & Co. started coverage on Dell in a research note on Friday, December 28th. They issued an “overweight” rating and a $60.00 target price for the company. Citigroup started coverage on Dell in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $55.00 target price for the company. Finally, UBS Group started coverage on Dell in a research note on Tuesday, January 15th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.75.
NASDAQ:DELL opened at $51.49 on Monday. The company has a market cap of $39.55 billion, a PE ratio of 8.35 and a beta of 0.47. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $51.91. 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 released its quarterly earnings data on Thursday, November 29th. The technology company reported $1.82 earnings per share for the quarter. The firm had revenue of $22.48 billion during the quarter. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. Sell-side analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.
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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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