Deltec Asset Management LLC Acquires Shares of 67,500 Dell Inc. (NYSE:DELL)

Deltec Asset Management LLC acquired a new stake in shares of Dell Inc. (NYSE:DELL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 67,500 shares of the technology company’s stock, valued at approximately $3,501,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DELL. Investec Asset Management LTD raised its holdings in shares of Dell by 597.9% in the second quarter. Investec Asset Management LTD now owns 1,933,500 shares of the technology company’s stock valued at $98,222,000 after buying an additional 1,656,435 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dell by 39.0% in the second quarter. Janus Henderson Group PLC now owns 1,218,223 shares of the technology company’s stock valued at $61,889,000 after buying an additional 342,036 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Dell by 134.2% in the second quarter. Nuveen Asset Management LLC now owns 1,194,489 shares of the technology company’s stock valued at $60,680,000 after buying an additional 684,414 shares during the last quarter. PGGM Investments bought a new position in shares of Dell in the third quarter valued at about $52,623,000. Finally, First Trust Advisors LP raised its holdings in shares of Dell by 16.1% in the second quarter. First Trust Advisors LP now owns 965,717 shares of the technology company’s stock valued at $49,058,000 after buying an additional 133,815 shares during the last quarter. 20.83% of the stock is owned by institutional investors.

Shares of DELL stock opened at $51.01 on Friday. The stock has a 50-day moving average price of $51.64 and a 200 day moving average price of $55.87. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 14.85. The firm has a market cap of $36.45 billion, a price-to-earnings ratio of 3.75, a PEG ratio of 0.58 and a beta of 0.94. Dell Inc. has a 12 month low of $42.02 and a 12 month high of $70.55.

Dell (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.69. The company had revenue of $23.37 billion during the quarter, compared to analyst estimates of $23.32 billion. Dell had a return on equity of 136.69% and a net margin of 3.06%. The firm’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Dell Inc. will post 7.18 earnings per share for the current fiscal year.

In related news, CMO Allison Dew sold 4,926 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $49.99, for a total value of $246,250.74. Also, insider Marius Haas sold 167,275 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $55.50, for a total value of $9,283,762.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,858,148 shares of company stock valued at $199,107,676 over the last 90 days. Corporate insiders own 14.46% of the company’s stock.

A number of research analysts recently issued reports on DELL shares. UBS Group lifted their price target on Dell from $51.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Deutsche Bank cut their price target on Dell from $62.00 to $60.00 and set a “buy” rating for the company in a report on Monday, August 19th. Zacks Investment Research raised Dell from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 4th. Barclays lifted their price target on Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. set a $72.00 price target on Dell and gave the company a “buy” rating in a report on Friday, August 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Dell presently has an average rating of “Buy” and an average target price of $60.76.

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.

Further Reading: Diluted Earnings Per Share

Institutional Ownership by Quarter for Dell (NYSE:DELL)

Receive News & Ratings for Dell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell and related companies with MarketBeat.com's FREE daily email newsletter.