Webster Bank N. A. acquired a new stake in shares of Dell Inc. (NASDAQ:DELL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 814 shares of the technology company’s stock, valued at approximately $48,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Optimum Investment Advisors purchased a new stake in Dell during the fourth quarter valued at about $28,000. Tortoise Investment Management LLC purchased a new stake in shares of Dell in the fourth quarter worth about $28,000. Lloyds Banking Group plc purchased a new stake in shares of Dell in the fourth quarter worth about $31,000. Vigilant Capital Management LLC purchased a new stake in shares of Dell in the first quarter worth about $40,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Dell in the fourth quarter worth about $43,000. 22.92% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DELL. Royal Bank of Canada began coverage on shares of Dell in a report on Monday, January 28th. They issued an “outperform” rating and a $56.00 price target on the stock. Credit Suisse Group began coverage on shares of Dell in a report on Thursday. They issued a “neutral” rating on the stock. Bank of America began coverage on shares of Dell in a report on Friday, January 4th. They issued a “buy” rating and a $63.00 price target on the stock. UBS Group began coverage on shares of Dell in a report on Tuesday, January 15th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 4th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.50.
TRADEMARK VIOLATION WARNING: This piece of content was first published by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.wkrb13.com/2019/04/11/webster-bank-n-a-acquires-new-holdings-in-dell-inc-dell.html.
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.
Recommended Story: What is Blockchain?
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.