Michael S. Dell Sells 1,546,550 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 1,546,550 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the completion of the transaction, the chief executive officer now directly owns 11,912,241 shares of the company’s stock, valued at approximately $1,385,393,628.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dell Technologies Stock Up 1.5 %

Dell Technologies stock opened at $117.78 on Friday. The firm has a 50-day moving average price of $111.74 and a two-hundred day moving average price of $124.29. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The firm has a market capitalization of $83.54 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. Research analysts expect that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on DELL shares. Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen decreased their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.19.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in Dell Technologies in the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of 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 acquiring an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies during the first quarter worth approximately $30,000. Finally, Nemes Rush Group LLC acquired a new stake in Dell Technologies in the second quarter worth approximately $33,000. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Company 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).