Archer Investment Corp Sells 2,800 Shares of Dell Technologies Inc. (NYSE:DELL)

Archer Investment Corp reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 78.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 775 shares of the technology company's stock after selling 2,800 shares during the period. Archer Investment Corp's holdings in Dell Technologies were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Exchange Traded Concepts LLC raised its position in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares in the last quarter. Mather Group LLC. raised its position in Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Golden State Wealth Management LLC raised its position in Dell Technologies by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the transaction, the director owned 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total transaction of $751,621.00. Following the completion of the transaction, the director owned 986,261 shares in the company, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,897,063 shares of company stock worth $1,570,909,812 in the last three months. 42.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on DELL shares. Citigroup upped their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Mizuho boosted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Bank of America upped their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday. Finally, Raymond James Financial upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Stock Performance

Dell Technologies stock traded up $7.20 during mid-day trading on Friday, reaching $131.08. The company's stock had a trading volume of 11,017,744 shares, compared to its average volume of 8,515,424. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company has a market capitalization of $88.98 billion, a P/E ratio of 20.91, a PEG ratio of 1.21 and a beta of 1.02. The firm's fifty day moving average price is $117.32 and its two-hundred day moving average price is $105.99.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).