Archer Investment Management LLC Invests $792,000 in Dell Technologies Inc. (NYSE:DELL)

Archer Investment Management LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,691 shares of the technology company's stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds have also modified their holdings of DELL. Empowered Funds LLC boosted its position in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Dell Technologies by 163.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company's stock valued at $1,909,000 after purchasing an additional 10,281 shares during the last quarter. Jennison Associates LLC boosted its holdings in Dell Technologies by 3.2% in the 4th quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company's stock valued at $134,341,000 after purchasing an additional 36,621 shares during the last quarter. Vest Financial LLC boosted its holdings in Dell Technologies by 61.8% in the 4th quarter. Vest Financial LLC now owns 25,043 shares of the technology company's stock valued at $2,886,000 after purchasing an additional 9,567 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Dell Technologies by 4.0% in the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock valued at $73,208,000 after purchasing an additional 24,205 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. TD Cowen upped their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Raymond James upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $0.39 during trading hours on Thursday, hitting $113.09. The company had a trading volume of 2,717,680 shares, compared to its average volume of 9,567,007. The company has a market cap of $78.92 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company's 50-day moving average is $95.93 and its two-hundred day moving average is $106.80. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Profile

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).