Guggenheim Capital LLC Boosts Holdings in Dell Inc. (NYSE:DELL)
Guggenheim Capital LLC raised its position in Dell Inc. (NYSE:DELL) by 44.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 105,008 shares of the technology company’s stock after buying an additional 32,358 shares during the quarter. Guggenheim Capital LLC’s holdings in Dell were worth $4,153,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Verus Capital Partners LLC lifted its stake in shares of 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 acquiring an additional 279 shares during the period. FDx Advisors Inc. raised its holdings in Dell by 71.0% during the first quarter. FDx Advisors Inc. now owns 8,098 shares of the technology company’s stock worth $227,000 after purchasing an additional 3,361 shares in the last quarter. tru Independence LLC raised its holdings in Dell by 746.0% during the first quarter. tru Independence LLC now owns 846 shares of the technology company’s stock worth $34,000 after purchasing an additional 746 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Dell by 226.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 24,198 shares of the technology company’s stock valued at $957,000 after purchasing an additional 16,781 shares during the period. Finally, Engine Capital Management LP boosted its holdings in Dell by 16.8% in the 1st quarter. Engine Capital Management LP now owns 340,070 shares of the technology company’s stock valued at $15,145,000 after purchasing an additional 48,828 shares in the last quarter. Institutional investors own 24.91% of the company’s stock.
A number of analysts recently weighed in on the company. Goldman Sachs Group downgraded Dell from a “buy” rating to a “neutral” rating and decreased their price target for the company from $77.00 to $42.00 in a research note on Monday, April 13th. Nomura Instinet boosted their target price on shares of Dell from $35.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Zacks Investment Research cut shares of Dell from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. ValuEngine cut shares of Dell from a “sell” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, Sanford C. Bernstein lowered their target price on shares of Dell from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, April 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.61.
Dell (NYSE:DELL) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.33. Dell had a return on equity of 141.86% and a net margin of 5.13%. The company had revenue of $21.90 billion during the quarter, compared to the consensus estimate of $20.65 billion. During the same quarter last year, the business posted $1.45 earnings per share. Dell’s revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that Dell Inc. will post 5.4 EPS for the current fiscal year.
In other Dell news, insider Howard D. Elias sold 16,004 shares of Dell stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $800,200.00. Following the completion of the sale, the insider now directly owns 524,304 shares of the company’s stock, valued at approximately $26,215,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven H. Price sold 39,799 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $45.00, for a total value of $1,790,955.00. Following the completion of the transaction, the insider now owns 78,610 shares of the company’s stock, valued at $3,537,450. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,774 shares of company stock valued at $4,653,989. 48.30% of the stock is currently owned by company insiders.
Dell Company Profile
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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