Brunilda Rios Sells 6,000 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the transaction, the chief accounting officer owned 18,948 shares of the company's stock, valued at approximately $2,392,942.92. This trade represents a 24.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dell Technologies Trading Up 1.5%

NYSE DELL traded up $1.77 on Wednesday, hitting $123.50. 3,936,344 shares of the company were exchanged, compared to its average volume of 8,762,257. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23. The company has a market cap of $83.84 billion, a PE ratio of 19.70, a PEG ratio of 1.12 and a beta of 1.02. The stock has a fifty day moving average of $109.75 and a 200-day moving average of $105.24.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the company earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.70%. Dell Technologies's dividend payout ratio is 33.49%.

Analyst Ratings Changes

Several brokerages have commented on DELL. UBS Group cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Raymond James Financial boosted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Capital World Investors grew its holdings in shares of Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Boston Partners raised its holdings in shares of Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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).