Sawgrass Asset Management LLC raised its stake in Dell Inc. (NASDAQ:DELL) by 112.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,074 shares of the technology company’s stock after acquiring an additional 189,331 shares during the period. Sawgrass Asset Management LLC’s holdings in Dell were worth $21,015,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Temasek Holdings Private Ltd bought a new stake in shares of Dell during the fourth quarter valued at approximately $888,545,000. BlackRock Inc. bought a new stake in shares of Dell during the fourth quarter valued at approximately $427,416,000. Elliott Management Corp bought a new stake in shares of Dell during the fourth quarter valued at approximately $323,846,000. Canyon Capital Advisors LLC bought a new stake in shares of Dell during the fourth quarter valued at approximately $211,391,000. Finally, Geode Capital Management LLC bought a new stake in shares of Dell during the fourth quarter valued at approximately $88,862,000. Institutional investors own 22.92% of the company’s stock.
DELL has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Dell in a report on Wednesday, January 23rd. They set a “buy” rating and a $55.00 price target on the stock. Royal Bank of Canada initiated coverage on Dell in a report on Monday, January 28th. They set an “outperform” rating and a $56.00 price target on the stock. Raymond James initiated coverage on Dell in a report on Monday, January 28th. They set an “outperform” rating and a $57.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Dell from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 4th. Finally, Morgan Stanley lifted their price target on Dell from $49.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dell has a consensus rating of “Buy” and an average target price of $63.55.
NASDAQ:DELL traded down $0.13 during midday trading on Friday, hitting $69.67. 204,265 shares of the stock were exchanged, compared to its average volume of 2,470,025. Dell Inc. has a one year low of $42.02 and a one year high of $70.23. The stock has a market cap of $49.03 billion, a price-to-earnings ratio of 11.29 and a beta of 0.47. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.
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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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