Dell Inc. (NYSE:DELL) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC increased its position in shares of Dell Inc. (NYSE:DELL) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,441 shares of the technology company’s stock after purchasing an additional 211 shares during the period. Truvestments Capital LLC’s holdings in Dell were worth $75,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Roman Butler Fullerton & Co. raised its stake in shares of Dell by 3.2% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 6,549 shares of the technology company’s stock valued at $333,000 after acquiring an additional 200 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Dell by 0.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 29,215 shares of the technology company’s stock worth $1,484,000 after purchasing an additional 210 shares in the last quarter. Commerce Bank grew its stake in Dell by 2.3% in the second quarter. Commerce Bank now owns 10,816 shares of the technology company’s stock worth $549,000 after purchasing an additional 246 shares in the last quarter. Reynders McVeigh Capital Management LLC grew its stake in Dell by 5.7% in the second quarter. Reynders McVeigh Capital Management LLC now owns 4,654 shares of the technology company’s stock worth $236,000 after purchasing an additional 253 shares in the last quarter. Finally, Monetary Management Group Inc. grew its stake in Dell by 33.0% in the first quarter. Monetary Management Group Inc. now owns 1,257 shares of the technology company’s stock worth $74,000 after purchasing an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

In other news, insider Marius Haas sold 167,275 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.88, for a total value of $8,678,227.00. Also, insider Maya Mcreynolds sold 3,099 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $55.00, for a total transaction of $170,445.00. The disclosure for this sale can be found here. Insiders sold 3,795,283 shares of company stock valued at $196,329,506 over the last ninety days. Corporate insiders own 14.46% of the company’s stock.

Shares of Dell stock traded up $1.80 on Friday, hitting $50.80. 5,836 shares of the company were exchanged, compared to its average volume of 2,180,466. The stock has a market capitalization of $36.44 billion, a price-to-earnings ratio of 3.73, a price-to-earnings-growth ratio of 0.57 and a beta of 0.94. The company has a 50-day moving average price of $51.05 and a 200 day moving average price of $56.51. Dell Inc. has a 1-year low of $42.02 and a 1-year high of $70.55. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 14.85.

Dell (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.69. Dell had a return on equity of 136.69% and a net margin of 3.06%. The company had revenue of $23.37 billion for the quarter, compared to analyst estimates of $23.32 billion. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Dell Inc. will post 7.18 EPS for the current year.

Several brokerages have issued reports on DELL. JPMorgan Chase & Co. set a $72.00 target price on Dell and gave the company a “buy” rating in a research report on Friday, August 30th. UBS Group increased their target price on Dell from $51.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Barclays increased their target price on Dell from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Credit Suisse Group increased their target price on Dell from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Raymond James increased their target price on Dell from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $60.76.

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.

Featured Article: How a Strangle Strategy is different from a Straddle Strategy

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Inc. (NYSE:DELL).

Institutional Ownership by Quarter for Dell (NYSE: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.