Ritholtz Wealth Management Acquires New Position in Dell Inc. (NYSE:DELL)

Ritholtz Wealth Management acquired a new stake in shares of Dell Inc. (NYSE:DELL) in the third quarter, HoldingsChannel reports. The fund acquired 3,261 shares of the technology company’s stock, valued at approximately $221,000.

Other large investors have also made changes to their positions in the company. Hexavest Inc. bought a new stake in shares of Dell during the 3rd quarter valued at about $25,000. Canada Pension Plan Investment Board grew its position in Dell by 154.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 544 shares of the technology company’s stock worth $30,000 after purchasing an additional 330 shares during the last quarter. Carroll Financial Associates Inc. grew its position in Dell by 37.3% in the 3rd quarter. Carroll Financial Associates Inc. now owns 736 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the last quarter. Citizens Financial Group Inc RI grew its position in Dell by 258.1% in the 2nd quarter. Citizens Financial Group Inc RI now owns 752 shares of the technology company’s stock worth $41,000 after purchasing an additional 542 shares during the last quarter. Finally, Verus Capital Partners LLC grew its position in Dell by 42.1% in the 1st quarter. Verus Capital Partners LLC now owns 941 shares of the technology company’s stock worth $37,000 after purchasing an additional 279 shares during the last quarter. 25.70% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on DELL. Zacks Investment Research cut shares of Dell from a “hold” rating to a “sell” rating in a research report on Wednesday, August 26th. UBS Group upgraded shares of Dell from a “neutral” rating to a “buy” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price objective on shares of Dell from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. They noted that the move was a valuation call. Daiwa Capital Markets assumed coverage on shares of Dell in a report on Thursday, July 9th. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Dell from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.29.

DELL stock traded down $2.65 on Monday, hitting $65.53. 36,269 shares of the company’s stock traded hands, compared to its average volume of 2,848,417. Dell Inc. has a 1-year low of $25.51 and a 1-year high of $71.45. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.07 and a beta of 0.89. The stock has a fifty day moving average of $67.29 and a 200-day moving average of $55.05. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 9.57.

Dell (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 27th. The technology company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.54. The business had revenue of $22.78 billion during the quarter, compared to the consensus estimate of $22.50 billion. Dell had a net margin of 2.28% and a return on equity of 129.04%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 EPS. On average, equities research analysts anticipate that Dell Inc. will post 5.42 earnings per share for the current fiscal year.

In other Dell news, COO Jeffrey W. Clarke sold 146,550 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $66.51, for a total value of $9,747,040.50. Following the transaction, the chief operating officer now owns 457,720 shares in the company, valued at approximately $30,442,957.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey W. Clarke sold 73,275 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $66.72, for a total transaction of $4,888,908.00. Following the completion of the transaction, the chief operating officer now owns 457,720 shares in the company, valued at approximately $30,539,078.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 509,479 shares of company stock valued at $34,420,135. 48.30% of the stock is owned by insiders.

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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