Persium Advisors LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Persium Advisors LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,338 shares of the technology company’s stock after acquiring an additional 861 shares during the period. Dell Technologies accounts for about 0.6% of Persium Advisors LLC’s holdings, making the stock its 20th biggest position. Persium Advisors LLC’s holdings in Dell Technologies were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DELL. Bellwether Advisors LLC purchased a new position in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies in the 4th quarter valued at $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel now directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock worth $8,608,142 in the last 90 days. 42.00% of the stock is owned by company insiders.

Analyst Ratings Changes

DELL has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Raymond James lifted their price objective 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. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, TD Cowen raised their target price on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $113.77 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The stock has a market capitalization of $79.39 billion, a P/E ratio of 20.10, a PEG ratio of 1.10 and a beta of 1.01. The stock has a 50-day simple moving average of $96.79 and a 200-day simple moving average of $106.48.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share 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).