Armis Advisers LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Armis Advisers LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,238 shares of the technology company's stock, valued at approximately $258,000.

Several other hedge funds have also made changes to their positions in DELL. Empowered Funds LLC lifted its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares during the last quarter. Bay Rivers Group acquired a new stake in Dell Technologies in the 4th quarter worth approximately $2,347,000. Newbridge Financial Services Group Inc. grew its position in Dell Technologies by 163.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company's stock worth $1,909,000 after purchasing an additional 10,281 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Dell Technologies by 3.2% in the fourth quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company's stock worth $134,341,000 after buying an additional 36,621 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays upped their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Citigroup upped their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.59.

Dell Technologies Price Performance

NYSE DELL traded down $2.91 during mid-day trading on Friday, hitting $110.72. The stock had a trading volume of 13,690,752 shares, compared to its average volume of 10,148,914. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $178.84. The firm's 50 day moving average is $94.75 and its 200 day moving average is $107.45. The stock has a market capitalization of $77.26 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.10 and a beta of 0.99.

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

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by corporate insiders.

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).