Dell (DELL) CEO Acquires $148 Million of Stock

Dell Inc. (NASDAQ:DELL) founder and CEO Michael Dell announced he has acquired another 10.4 million shares in the company for over $148 million.

According to a filing Friday with the U.S. Securities and Exchange Commission, Dell acquired the shares over a period of three days at a price range of $14.21 to $14.41 a share.

Overall he now owns 243.3 million shares of the company.

Dell bought 7.37 million shares in the company in December at $13.56 each.

In February, Dell reported nearly tripling its fourth-quarter profit, posting $927 million in net income on $15.6 billion in revenue compared with $334 million on $14.9 billion in revenue in the same quarter last year last year.

Dell closed Friday at $14.51, gaining $0.40, or 2.83 percent.

Dell (NASDAQ:DELL) Soars as it Blows Past Expectations

Dell Inc. (NASDAQ:DELL) shocked the market as it soared past expectations be a huge amount, as revenue exploded upward.

Leading the way for company were enterprise and services revenue, which rose 27 percent in the fiscal fourth quarter of the company.

Revenue in the quarter jumped to $15.7 billion, a five percent increase, while earnings came in at $0.53 a share, beating estimates by a whopping 16 cents a share. Analyst were looking for 37 cents a share.

Michael Dell, Chairman and CEO, said, “I’m very pleased with our fiscal year results and the strong performance we’re seeing in our commercial businesses. We remain focused on developing and acquiring new technologies and capabilities, and our IT solutions portfolio has never been stronger. Customers are now seeing Dell in a fresh light, and we’re heading into the new year with strength and optimism."

Dell gave 2012 guidance of revenue growth in a range of 5 to 9 percent and non-GAAP operating income growth of 6 to 12 percent.

With higher margins in their growing enterprise and services businesses, the company was able to increase margins to 21 percent in the quarter, and for full year to 18.5 percent.

Dell closed down Tuesday at $13.91, dropping $0.18, or 1.28 percent. After hours they were trading at $14.65, gaining $0.74, or 5.32 percent.

Michael Dell Buys Over 7 Million Shares of Dell (Nasdaq:DELL)

For the first time in over two years Dell (Nasdaq:DELL) chief executive officer Michael Dell has acquired shares in the company, this time 7.37 million shares, according to a filing with the Securities and Exchange Commission.

Dell paid an average of $13.57 a share on December 17; a value of over $100 million.

Altogether Dell now owns closed to $233 million shares of company stock. That's close to 13.6 percent of the overall shares outstanding of the company.

Dell has largely kept the shares he has bought over the last several years, with the exception of small sales during that time.

Dell was trading at $13.83, up $0.47, or 3.52 percent, as of 12:42 PM EST.