Contrarius Investment Management Ltd Takes $27.40 Million Position in Dell Inc. (NYSE:DELL)

Contrarius Investment Management Ltd acquired a new stake in Dell Inc. (NYSE:DELL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 533,210 shares of the technology company’s stock, valued at approximately $27,402,000. Dell comprises about 1.4% of Contrarius Investment Management Ltd’s investment portfolio, making the stock its 20th biggest position. Contrarius Investment Management Ltd owned approximately 0.07% of Dell as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DELL. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Dell in the 1st quarter valued at $10,033,000. Macquarie Group Ltd. bought a new stake in shares of Dell in the 2nd quarter valued at $86,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Dell by 23.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,889 shares of the technology company’s stock valued at $460,000 after purchasing an additional 1,688 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Dell by 38.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 25,725 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 7,097 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of Dell by 257.3% in the 3rd quarter. NEXT Financial Group Inc now owns 1,297 shares of the technology company’s stock valued at $67,000 after purchasing an additional 934 shares during the last quarter. 22.70% of the stock is currently owned by institutional investors.

DELL has been the topic of a number of analyst reports. ValuEngine lowered shares of Dell from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Dell from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 27th. Credit Suisse Group cut their target price on shares of Dell from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Co reissued a “buy” rating on shares of Dell in a research note on Monday, December 9th. Finally, Royal Bank of Canada started coverage on shares of Dell in a research note on Thursday, February 6th. They set a “sector perform” rating and a $56.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Dell presently has a consensus rating of “Hold” and an average price target of $60.21.

DELL opened at $52.55 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 11.54. The company’s fifty day moving average price is $50.51 and its two-hundred day moving average price is $51.07. Dell Inc. has a 1-year low of $44.35 and a 1-year high of $70.55. The company has a market cap of $38.15 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.64 and a beta of 0.90.

Dell (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.20. Dell had a net margin of 4.54% and a return on equity of 457.91%. The firm had revenue of $22.84 billion for the quarter, compared to the consensus estimate of $23.03 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Dell Inc. will post 6.34 earnings per share for the current fiscal year.

In other news, CFO Thomas W. Sweet sold 97,499 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $50.00, for a total value of $4,874,950.00. Following the completion of the sale, the chief financial officer now owns 126,388 shares in the company, valued at $6,319,400. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marius Haas sold 167,275 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $47.87, for a total transaction of $8,007,454.25. Following the completion of the sale, the insider now owns 28,805 shares of the company’s stock, valued at approximately $1,378,895.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 669,506 shares of company stock worth $33,431,564. Corporate insiders own 49.50% of the company’s stock.

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 (NYSE:DELL)

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