Dell Technologies Inc. (NYSE:DELL) Director Sells $35,424,786.29 in Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director V (Gp) L.L.C. Slta sold 310,771 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $113.99, for a total transaction of $35,424,786.29. Following the sale, the director now owns 877,339 shares of the company's stock, valued at approximately $100,007,872.61. This represents a 26.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, June 11th, V (Gp) L.L.C. Slta sold 8,722 shares of Dell Technologies stock. The shares were sold at an average price of $114.12, for a total transaction of $995,354.64.
• On Monday, June 9th, V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock. The shares were sold at an average price of $114.99, for a total transaction of $52,127,381.79.

Dell Technologies Stock Performance

Dell Technologies stock traded down $3.92 during midday trading on Friday, reaching $109.48. The company's stock had a trading volume of 5,121,351 shares, compared to its average volume of 9,323,437. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52. The stock's 50 day simple moving average is $100.19 and its 200 day simple moving average is $105.38. The firm has a market capitalization of $76.40 billion, a PE ratio of 19.34, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the business posted $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. upped their target price 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. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of DELL. Brighton Jones LLC lifted its holdings in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the period. Empowered Funds LLC raised its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after buying an additional 3,470 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Dell Technologies by 14.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 12,823 shares of the technology company's stock worth $1,478,000 after buying an additional 1,631 shares during the last quarter. MADDEN SECURITIES Corp acquired a new position in shares of Dell Technologies during the 4th quarter worth $569,000. Finally, Essex Financial Services Inc. raised its stake in shares of Dell Technologies by 60.2% during the 4th quarter. Essex Financial Services Inc. now owns 4,594 shares of the technology company's stock worth $529,000 after buying an additional 1,726 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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).