Ingalls & Snyder LLC Cuts Position in Dell Inc. (DELL)

Ingalls & Snyder LLC trimmed its holdings in Dell Inc. (NASDAQ:DELL) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,886 shares of the technology company’s stock after selling 740 shares during the quarter. Ingalls & Snyder LLC’s holdings in Dell were worth $1,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Optimum Investment Advisors acquired a new stake in shares of Dell during the 4th quarter valued at $28,000. Tortoise Investment Management LLC purchased a new stake in shares of Dell in the fourth quarter valued at $28,000. Lloyds Banking Group plc purchased a new stake in shares of Dell in the fourth quarter valued at $31,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Dell in the first quarter valued at $39,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Dell in the first quarter valued at $40,000. 22.92% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ DELL traded up $0.56 during mid-day trading on Friday, reaching $68.70. The company had a trading volume of 942,796 shares, compared to its average volume of 2,603,147. Dell Inc. has a twelve month low of $42.02 and a twelve month high of $69.30. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $49.36 billion, a PE ratio of 11.13 and a beta of 0.47.

A number of research firms have recently issued reports on DELL. Raymond James increased their target price on Dell from $64.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded Dell from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Credit Suisse Group began coverage on Dell in a report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, BMO Capital Markets increased their target price on Dell from $48.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $63.55.

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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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