McIlrath & Eck LLC purchased a new position in shares of Dell Inc. (NASDAQ:DELL) during the first quarter, HoldingsChannel.com reports. The fund purchased 625 shares of the technology company’s stock, valued at approximately $37,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new position in shares of Dell during the 4th quarter worth about $28,000. Tortoise Investment Management LLC acquired a new position in shares of Dell during the 4th quarter worth about $28,000. Kistler Tiffany Companies LLC acquired a new position in shares of Dell during the 1st quarter worth about $28,000. Lindbrook Capital LLC acquired a new position in shares of Dell during the 1st quarter worth about $28,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of Dell during the 1st quarter worth about $29,000. 22.92% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Dell from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Raymond James boosted their price objective on shares of Dell from $64.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Dell from $68.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Credit Suisse Group initiated coverage on shares of Dell in a report on Thursday, April 11th. They set a “neutral” rating and a $65.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of Dell from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Dell currently has a consensus rating of “Buy” and a consensus price target of $63.55.
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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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