Jane Tunnell Sells 3,624 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $5.05 during midday trading on Thursday, reaching $140.72. 8,184,471 shares of the stock traded hands, compared to its average volume of 10,051,078. The stock has a market capitalization of $99.81 billion, a PE ratio of 29.12, a P/E/G ratio of 1.81 and a beta of 0.92. Dell Technologies Inc. has a one year low of $52.05 and a one year high of $179.70. The company’s 50 day moving average is $141.84 and its 200 day moving average is $114.21.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.26%. Dell Technologies’s payout ratio is presently 36.33%.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new stake in Dell Technologies during the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Anchor Investment Management LLC purchased a new stake in Dell Technologies in the fourth quarter worth $26,000. Pinnacle Bancorp Inc. increased its stake in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the first quarter worth $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Bank of America boosted their price objective on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company boosted their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Sanford C. Bernstein boosted their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.81.

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).