Wellington Management Group LLP Has $361,000 Holdings in Dell Inc. (NYSE:DELL)

Wellington Management Group LLP reduced its position in Dell Inc. (NYSE:DELL) by 91.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,134 shares of the technology company’s stock after selling 96,604 shares during the period. Wellington Management Group LLP’s holdings in Dell were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. ProShare Advisors LLC increased its position in Dell by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 7,453 shares of the technology company’s stock worth $383,000 after purchasing an additional 231 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Dell by 28.0% during the 1st quarter. Parallel Advisors LLC now owns 1,175 shares of the technology company’s stock worth $46,000 after acquiring an additional 257 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in shares of Dell by 1.8% during the 1st quarter. Institute for Wealth Management LLC. now owns 18,101 shares of the technology company’s stock worth $716,000 after acquiring an additional 327 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Dell by 21.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,936 shares of the technology company’s stock worth $77,000 after acquiring an additional 343 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Dell by 2.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,889 shares of the technology company’s stock worth $765,000 after acquiring an additional 373 shares in the last quarter. 24.91% of the stock is currently owned by institutional investors.

In other news, CFO Thomas W. Sweet sold 3,038 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $151,900.00. Following the completion of the transaction, the chief financial officer now directly owns 78,207 shares of the company’s stock, valued at approximately $3,910,350. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven H. Price sold 39,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $45.00, for a total value of $1,790,955.00. Following the completion of the transaction, the insider now directly owns 78,610 shares of the company’s stock, valued at $3,537,450. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,774 shares of company stock valued at $4,653,989. 48.30% of the stock is currently owned by insiders.

Several research firms have recently issued reports on DELL. Wells Fargo & Co upped their price target on Dell from $57.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Nomura Instinet increased their target price on Dell from $35.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Morgan Stanley increased their target price on Dell from $35.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Citigroup decreased their target price on Dell from $65.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Nomura Securities decreased their target price on Dell from $48.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.00.

Dell stock opened at $54.94 on Wednesday. The business has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $45.55. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 14.92. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.87. Dell Inc. has a 12 month low of $25.51 and a 12 month high of $59.17.

Dell (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.33. Dell had a return on equity of 141.86% and a net margin of 5.13%. The business had revenue of $21.90 billion during the quarter, compared to analysts’ expectations of $20.65 billion. During the same period in the prior year, the firm posted $1.45 EPS. Dell’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that Dell Inc. will post 5.4 earnings per share for the current fiscal year.

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 (NYSE:DELL)

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