Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells 16,887 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 16,887 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $146.20, for a total value of $2,468,879.40. Following the completion of the sale, the director now owns 787,669 shares in the company, valued at $115,157,207.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

V (Gp) L.L.C. Slta also recently made the following trade(s):

• On Monday, July 8th, V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00.
• On Wednesday, July 3rd, V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40.
• On Thursday, June 20th, V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31.

Dell Technologies Trading Down 0.8 %

Shares of NYSE DELL traded down $1.15 during midday trading on Friday, reaching $139.57. The company had a trading volume of 7,359,354 shares, compared to its average volume of 10,030,999. The business’s 50-day simple moving average is $142.19 and its 200 day simple moving average is $114.40. Dell Technologies Inc. has a 1 year low of $52.05 and a 1 year high of $179.70. The stock has a market cap of $99.00 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.80 and a beta of 0.92.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. Dell Technologies’s payout ratio is 36.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DELL. Jones Financial Companies Lllp acquired a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV grew its holdings 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 valued at $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 valued at approximately $26,000. Pinnacle Bancorp Inc. grew its stake in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the first quarter worth $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 price target on shares of Dell Technologies in a research note on Monday, July 1st. Wells Fargo & Company raised their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Barclays dropped their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, May 31st. Morgan Stanley reissued an “overweight” rating and set a $155.00 price target on shares of Dell Technologies in a report on Monday, June 17th. Finally, TD Cowen boosted their price objective on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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).