Tower Research Capital LLC TRC Acquires 69,822 Shares of Dell Inc. (NASDAQ:DELL)

Tower Research Capital LLC TRC increased its holdings in Dell Inc. (NASDAQ:DELL) by 14,191.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,314 shares of the technology company’s stock after buying an additional 69,822 shares during the period. Tower Research Capital LLC TRC’s holdings in Dell were worth $3,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its stake in Dell by 0.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 29,215 shares of the technology company’s stock worth $1,484,000 after buying an additional 210 shares in the last quarter. Qtron Investments LLC acquired a new position in shares of Dell during the second quarter worth $421,000. Dana Investment Advisors Inc. acquired a new position in shares of Dell during the second quarter worth $331,000. Bank of Nova Scotia increased its position in shares of Dell by 15.5% during the second quarter. Bank of Nova Scotia now owns 901,202 shares of the technology company’s stock worth $45,781,000 after purchasing an additional 121,182 shares in the last quarter. Finally, Breakline Capital LLC acquired a new position in shares of Dell during the second quarter worth $5,160,000. 22.92% of the stock is owned by institutional investors.

DELL has been the topic of a number of recent analyst reports. Deutsche Bank reduced their price target on Dell from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Credit Suisse Group upped their price target on Dell from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Co set a $68.00 price target on Dell and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays upped their price target on Dell from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, Raymond James upped their price target on Dell from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.38.

Shares of DELL traded down $0.61 during trading hours on Friday, reaching $53.54. 46,541 shares of the company traded hands, compared to its average volume of 2,693,579. The stock has a market capitalization of $39.49 billion, a P/E ratio of 8.67 and a beta of 0.47. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. Dell Inc. has a 12-month low of $42.02 and a 12-month high of $70.55. The business has a fifty day moving average price of $51.10 and a 200-day moving average price of $57.18.

Dell (NASDAQ:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.69. The firm had revenue of $23.37 billion for the quarter, compared to analyst estimates of $23.32 billion. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Dell Inc. will post 6.23 EPS for the current fiscal year.

In other news, insider Maya Mcreynolds sold 3,099 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $55.00, for a total transaction of $170,445.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek sold 2,668,302 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.40, for a total transaction of $137,150,722.80. The disclosure for this sale can be found here. Insiders have sold 4,676,210 shares of company stock worth $241,763,725 over the last three months. Corporate insiders own 46.00% of the company’s stock.

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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Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

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