Squarepoint Ops LLC Grows Position in Dell Inc. (NYSE:DELL)

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Squarepoint Ops LLC grew its holdings in shares of Dell Inc. (NYSE:DELL) by 256.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,050 shares of the technology company’s stock after purchasing an additional 98,554 shares during the quarter. Squarepoint Ops LLC’s holdings in Dell were worth $7,107,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DELL. Quest Capital Management Inc. ADV purchased a new stake in shares of Dell in the third quarter worth about $52,000. Reynders McVeigh Capital Management LLC grew its position in Dell by 5.7% in the second quarter. Reynders McVeigh Capital Management LLC now owns 4,654 shares of the technology company’s stock worth $236,000 after acquiring an additional 253 shares in the last quarter. Enterprise Trust & Investment Co bought a new position in Dell in the second quarter valued at $303,000. Boston Advisors LLC bought a new position in Dell in the second quarter valued at $1,949,000. Finally, Investec Asset Management PTY Ltd raised its position in Dell by 666.5% during the second quarter. Investec Asset Management PTY Ltd now owns 22,965 shares of the technology company’s stock valued at $1,179,000 after purchasing an additional 19,969 shares in the last quarter. Hedge funds and other institutional investors own 22.87% of the company’s stock.

In other Dell news, insider Howard D. Elias sold 7,702 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $55.95, for a total value of $430,926.90. Also, insider Karen H. Quintos sold 131,900 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $55.09, for a total transaction of $7,266,371.00. Insiders sold a total of 1,399,853 shares of company stock worth $75,427,962 over the last ninety days. Insiders own 49.50% of the company’s stock.

DELL has been the subject of several research analyst reports. Raymond James lifted their price target on Dell from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley reduced their price objective on Dell from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 27th. Zacks Investment Research cut Dell from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Credit Suisse Group dropped their target price on Dell from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. set a $72.00 target price on Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Dell currently has a consensus rating of “Buy” and a consensus target price of $60.44.

Shares of NYSE:DELL opened at $47.72 on Tuesday. The stock has a market capitalization of $35.14 billion, a P/E ratio of 3.51, a price-to-earnings-growth ratio of 0.55 and a beta of 0.88. The stock’s 50-day moving average price is $52.52 and its 200-day moving average price is $53.63. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 14.85. Dell Inc. has a 12-month low of $42.02 and a 12-month high of $70.55.

Dell (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. The company had revenue of $22.84 billion during the quarter, compared to analyst estimates of $23.03 billion. Dell had a return on equity of 3,049.74% and a net margin of 4.54%. Dell’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 EPS. As a group, research analysts predict that Dell Inc. will post 7.31 EPS for the current year.

Dell 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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Institutional Ownership by Quarter for Dell (NYSE:DELL)

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