Three Peaks Capital Management LLC lifted its holdings in Dell Inc. (NYSE:DELL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,664 shares of the technology company’s stock after purchasing an additional 2,978 shares during the period. Dell comprises approximately 1.5% of Three Peaks Capital Management LLC’s holdings, making the stock its 19th biggest position. Three Peaks Capital Management LLC’s holdings in Dell were worth $5,584,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Catalyst Capital Advisors LLC lifted its stake in shares of Dell by 83.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 552 shares of the technology company’s stock worth $29,000 after purchasing an additional 251 shares during the period. Prestige Wealth Management Group LLC bought a new stake in Dell during the 2nd quarter worth approximately $33,000. Compagnie Lombard Odier SCmA raised its stake in Dell by 379.7% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 758 shares of the technology company’s stock worth $38,000 after acquiring an additional 600 shares during the period. Quest Capital Management Inc. ADV bought a new stake in Dell during the 3rd quarter worth approximately $52,000. Finally, CENTRAL TRUST Co grew its holdings in Dell by 30.6% during the 3rd quarter. CENTRAL TRUST Co now owns 1,118 shares of the technology company’s stock valued at $58,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 22.69% of the company’s stock.
In related news, insider Howard D. Elias sold 7,702 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $55.95, for a total value of $430,926.90. Also, Vice Chairman Jeffrey W. Clarke sold 614,312 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $55.00, for a total transaction of $33,787,160.00. Following the completion of the transaction, the insider now directly owns 652,467 shares of the company’s stock, valued at $35,885,685. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,605,518 shares of company stock valued at $84,555,282. 14.46% of the stock is currently owned by insiders.
Shares of DELL stock traded down $0.98 on Friday, reaching $50.36. The company’s stock had a trading volume of 670,043 shares, compared to its average volume of 2,788,185. The stock’s fifty day simple moving average is $49.64 and its 200-day simple moving average is $51.56. Dell Inc. has a 1 year low of $42.57 and a 1 year high of $70.55. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 11.54. The company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 3.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.88.
Dell (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. Dell had a net margin of 4.54% and a return on equity of 457.91%. The firm had revenue of $22.84 billion during the quarter, compared to analyst estimates of $23.03 billion. During the same period last year, the firm posted $1.53 earnings per share. Dell’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Dell Inc. will post 7.32 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Dell from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, November 27th. Credit Suisse Group cut their price objective on shares of Dell from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Deutsche Bank cut their price objective on shares of Dell from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. ValuEngine lowered shares of Dell from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Dell in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.21.
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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