Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director now owns 938,741 shares in the company, valued at $112,958,704.53. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Dell Technologies Stock Performance
Dell Technologies stock traded up $5.65 during mid-day trading on Thursday, reaching $126.11. 9,414,606 shares of the company were exchanged, compared to its average volume of 8,880,392. The firm has a market cap of $85.61 billion, a P/E ratio of 20.11, a PEG ratio of 1.11 and a beta of 1.01. The business has a fifty day moving average of $105.90 and a 200 day moving average of $105.09. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 analysts' expectations of $23.17 billion. During the same quarter last year, the company earned $1.27 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the 1st quarter valued at about $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the fourth quarter worth about $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $26,000. Institutional investors own 76.37% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on DELL shares. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Citigroup upped their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.
Read Our Latest Stock Analysis on Dell Technologies
About Dell Technologies
(
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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).
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