Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 3,675 Shares of Dell Inc. (DELL)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Dell Inc. (NASDAQ:DELL) by 23.9% during the first quarter, Holdings Channel reports. The fund owned 19,072 shares of the technology company’s stock after buying an additional 3,675 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dell were worth $1,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Temasek Holdings Private Ltd purchased a new stake in shares of Dell during the fourth quarter valued at $888,545,000. BlackRock Inc. purchased a new stake in shares of Dell during the fourth quarter valued at $427,416,000. Elliott Management Corp purchased a new stake in shares of Dell during the fourth quarter valued at $323,846,000. Canyon Capital Advisors LLC purchased a new stake in shares of Dell during the fourth quarter valued at $211,391,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Dell during the fourth quarter valued at $88,862,000. 22.92% of the stock is currently owned by hedge funds and other institutional investors.

DELL has been the topic of several recent analyst reports. Zacks Investment Research cut Dell from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Citigroup reaffirmed a “buy” rating and set a $70.00 price objective (up from $55.00) on shares of Dell in a research report on Friday, March 1st. Morgan Stanley assumed coverage on Dell in a research report on Tuesday, January 15th. They issued an “equal weight” rating on the stock. Finally, Raymond James assumed coverage on Dell in a research report on Monday, January 28th. They issued an “outperform” rating and a $57.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $63.55.

Shares of NASDAQ:DELL opened at $67.49 on Wednesday. The stock has a market capitalization of $48.49 billion, a price-to-earnings ratio of 10.94 and a beta of 0.47. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.82 and a current ratio of 0.90. Dell Inc. has a 52-week low of $42.02 and a 52-week high of $69.30.

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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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