Water Island Capital LLC Takes Position in Dell Inc. (DELL)

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Water Island Capital LLC bought a new position in Dell Inc. (NASDAQ:DELL) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 18,735 shares of the technology company’s stock, valued at approximately $1,100,000.

Several other institutional investors and hedge funds also recently modified their holdings of DELL. Baystate Wealth Management LLC purchased a new position in shares of Dell during the 1st quarter worth $29,000. Kistler Tiffany Companies LLC purchased a new position in shares of Dell during the 1st quarter worth $28,000. Lindbrook Capital LLC purchased a new position in shares of Dell during the 1st quarter worth $28,000. CWM LLC grew its holdings in shares of Dell by 471.6% during the 1st quarter. CWM LLC now owns 543 shares of the technology company’s stock worth $32,000 after purchasing an additional 448 shares during the period. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Dell during the 1st quarter worth $32,000. 22.92% of the stock is owned by institutional investors and hedge funds.

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

Dell stock traded up $0.97 during midday trading on Wednesday, reaching $67.12. 5,759 shares of the stock traded hands, compared to its average volume of 2,501,150. Dell Inc. has a 12-month low of $42.02 and a 12-month high of $69.30. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 10.86 and a beta of 0.47. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.

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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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