Holderness Investments Co. Takes Position in Dell Inc. (NYSE:DELL)

Holderness Investments Co. purchased a new stake in shares of Dell Inc. (NYSE:DELL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,430 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Investec Asset Management LTD grew its holdings in Dell by 597.9% during the second quarter. Investec Asset Management LTD now owns 1,933,500 shares of the technology company’s stock worth $98,222,000 after acquiring an additional 1,656,435 shares during the period. Janus Henderson Group PLC grew its holdings in Dell by 39.0% during the second quarter. Janus Henderson Group PLC now owns 1,218,223 shares of the technology company’s stock worth $61,889,000 after acquiring an additional 342,036 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Dell by 134.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,194,489 shares of the technology company’s stock valued at $60,680,000 after purchasing an additional 684,414 shares during the period. PGGM Investments acquired a new position in shares of Dell in the 3rd quarter valued at $52,623,000. Finally, First Trust Advisors LP boosted its position in shares of Dell by 16.1% in the 2nd quarter. First Trust Advisors LP now owns 965,717 shares of the technology company’s stock valued at $49,058,000 after purchasing an additional 133,815 shares during the period. 20.98% of the stock is currently owned by institutional investors.

In other news, major shareholder Holdings (Private) Ltd Temasek sold 2,668,302 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.40, for a total transaction of $137,150,722.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas W. Sweet sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.32, for a total value of $5,132,000.00. Following the sale, the chief financial officer now directly owns 128,889 shares of the company’s stock, valued at $6,614,583.48. The disclosure for this sale can be found here. Insiders have sold a total of 3,999,602 shares of company stock valued at $206,410,194 over the last ninety days. Company insiders own 49.50% of the company’s stock.

NYSE DELL traded up $0.47 during trading on Thursday, reaching $54.80. 154,455 shares of the company’s stock were exchanged, compared to its average volume of 1,433,060. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $70.55. The firm has a market capitalization of $39.02 billion, a PE ratio of 4.03, a P/E/G ratio of 0.62 and a beta of 0.94. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 14.85. The company’s fifty day simple moving average is $51.45 and its 200-day simple moving average is $55.22.

Dell (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.69. Dell had a return on equity of 136.69% and a net margin of 3.06%. The firm had revenue of $23.37 billion during the quarter, compared to analyst estimates of $23.32 billion. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Dell Inc. will post 7.18 EPS for the current fiscal year.

DELL has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $68.00 price target on Dell and gave the company a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. set a $72.00 price target on Dell and gave the company a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays increased their price target on Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Credit Suisse Group increased their price target on Dell from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Dell has a consensus rating of “Buy” and a consensus price target of $60.76.

About Dell

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 (NYSE:DELL)

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