Hanson McClain Inc. Boosts Holdings in Dell Inc. (DELL)

Hanson McClain Inc. grew its holdings in shares of Dell Inc. (NASDAQ:DELL) by 823.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 434 shares of the technology company’s stock after acquiring an additional 387 shares during the quarter. Hanson McClain Inc.’s holdings in Dell were worth $25,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank purchased a new position in shares of Dell during the fourth quarter worth approximately $983,000. Rhumbline Advisers purchased a new position in shares of Dell during the fourth quarter worth approximately $16,513,000. First Bank & Trust raised its stake in shares of Dell by 127.7% during the first quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock worth $259,000 after acquiring an additional 2,479 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Dell during the first quarter worth approximately $37,000. Finally, Gateway Investment Advisers LLC purchased a new position in shares of Dell during the fourth quarter worth approximately $4,001,000. 22.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ DELL opened at $69.43 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $70.55. The firm has a market capitalization of $49.03 billion, a P/E ratio of 11.25 and a beta of 0.47.

Several research firms have commented on DELL. Raymond James lifted their price target on shares of Dell from $64.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of Dell from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Dell from $68.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Credit Suisse Group initiated coverage on shares of Dell in a research note on Thursday, April 11th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on shares of Dell from $48.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.55.

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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 (NASDAQ:DELL)

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