Dell Technologies Inc. (NYSE:DELL) Director Sells $61,799,321.31 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dell Technologies Stock Down 1.5 %

DELL stock opened at $138.23 on Thursday. The stock has a market capitalization of $98.05 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.74 and a beta of 0.85. Dell Technologies Inc. has a 52 week low of $50.85 and a 52 week high of $179.70. The firm has a 50-day simple moving average of $137.18 and a 200-day simple moving average of $109.10.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. On average, analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. UBS Group lifted their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. Loop Capital upped their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Bank of America raised their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Institutional Trading of Dell Technologies

Several large investors have recently bought and sold shares of DELL. Raymond James & Associates boosted its holdings in shares of Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 58,590 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after acquiring an additional 142,337 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 10,350 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $410,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after buying an additional 272,144 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).