Synovus Financial Corp raised its holdings in Dell Inc. (NASDAQ:DELL) by 859.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,142 shares of the technology company’s stock after acquiring an additional 1,023 shares during the quarter. Synovus Financial Corp’s holdings in Dell were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DELL. Toronto Dominion Bank bought a new position in shares of Dell in the 4th quarter valued at about $983,000. McIlrath & Eck LLC acquired a new position in shares of Dell in the 1st quarter valued at approximately $37,000. Rhumbline Advisers acquired a new position in shares of Dell in the 4th quarter valued at approximately $16,513,000. Stratos Wealth Partners LTD. acquired a new position in shares of Dell in the 1st quarter valued at approximately $299,000. Finally, First Bank & Trust raised its position in shares of Dell by 127.7% in the 1st quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock valued at $259,000 after buying an additional 2,479 shares in the last quarter. Hedge funds and other institutional investors own 22.92% of the company’s stock.

NASDAQ DELL traded up $1.08 on Tuesday, hitting $56.94. The company’s stock had a trading volume of 17,124 shares, compared to its average volume of 2,477,907. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.82 and a current ratio of 0.90. Dell Inc. has a 1-year low of $42.02 and a 1-year high of $70.55. The stock has a market cap of $40.14 billion, a P/E ratio of 9.11 and a beta of 0.47.

Dell (NASDAQ:DELL) last announced its quarterly earnings results on Friday, March 29th. The technology company reported $4.58 earnings per share (EPS) for the quarter. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The firm had revenue of $23.84 billion during the quarter. Analysts predict that Dell Inc. will post 6.23 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Dell from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Raymond James reiterated an “outperform” rating and set a $69.00 price objective (down from $74.00) on shares of Dell in a research report on Friday. UBS Group upped their price objective on shares of Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. Credit Suisse Group assumed coverage on shares of Dell in a research report on Thursday, April 11th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of Dell from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Dell has an average rating of “Buy” and a consensus target price of $65.50.

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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 (NASDAQ:DELL)

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