Swiss National Bank Has $30.91 Million Stock Position in Dell Inc. (NASDAQ:DELL)

Swiss National Bank reduced its stake in Dell Inc. (NASDAQ:DELL) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 608,525 shares of the technology company’s stock after selling 15,900 shares during the quarter. Swiss National Bank owned about 0.08% of Dell worth $30,913,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hanson McClain Inc. lifted its stake in Dell by 823.4% in the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after buying an additional 387 shares during the period. Trustcore Financial Services LLC acquired a new position in Dell in the first quarter valued at approximately $26,000. Israel Discount Bank of New York acquired a new position in Dell in the first quarter valued at approximately $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in Dell in the first quarter valued at approximately $27,000. Finally, Lindbrook Capital LLC acquired a new position in Dell in the first quarter valued at approximately $28,000. 22.92% of the stock is currently owned by institutional investors.

In related news, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $58.50, for a total transaction of $1,321,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey W. Clarke sold 303,753 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $52.28, for a total value of $15,880,206.84. The disclosure for this sale can be found here. Insiders have sold 1,599,179 shares of company stock valued at $83,688,997 in the last quarter. 46.00% of the stock is currently owned by corporate insiders.

DELL has been the topic of several recent analyst reports. Citigroup dropped their price target on Dell from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on Dell from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. boosted their price target on Dell from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Credit Suisse Group set a $58.00 price objective on Dell and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Deutsche Bank decreased their price objective on Dell from $62.00 to $60.00 and set a “buy” rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Dell currently has a consensus rating of “Buy” and a consensus target price of $63.63.

NASDAQ DELL opened at $49.44 on Thursday. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 8.01 and a beta of 0.47. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $70.55. The business has a 50 day moving average price of $52.77 and a 200-day moving average price of $57.48. 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 (NASDAQ:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.30. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.

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.

Read More: The role of implied volatility with call option volume

Institutional Ownership by Quarter for Dell (NASDAQ:DELL)

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.