Dell Technologies Inc. (NYSE:DELL) Director Sells $40,489,794.84 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, December 6th, V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60.

Dell Technologies Price Performance

Dell Technologies stock traded down $2.04 during mid-day trading on Wednesday, hitting $119.23. The company’s stock had a trading volume of 5,131,069 shares, compared to its average volume of 5,951,066. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70. The business has a 50 day moving average price of $125.92 and a 200-day moving average price of $121.67. The stock has a market cap of $83.52 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the business posted $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies’s payout ratio is 31.45%.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth $25,000. True Wealth Design LLC raised its holdings in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter valued at $33,000. MCF Advisors LLC grew its holdings in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Finally, Covestor Ltd raised its stake in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DELL shares. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup reduced their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

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).