Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta Sells 600,000 Shares

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the sale, the director owned 980,295 shares in the company, valued at $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, June 26th, Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00.

Dell Technologies Trading Down 0.0%

NYSE:DELL traded down $0.04 during trading hours on Tuesday, hitting $125.64. 1,764,885 shares of the company traded hands, compared to its average volume of 8,570,740. The stock has a market capitalization of $85.29 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.17 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The firm has a 50-day moving average of $114.88 and a 200 day moving average of $105.56.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid 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 33.49%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday. UBS Group dropped their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Citigroup lifted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. KeyCorp assumed coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Vanguard Group Inc. grew its holdings 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 worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the last quarter. Capital World Investors grew its holdings in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dell Technologies by 8.7% during the 4th 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 during the last quarter. Boston Partners boosted its stake 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 valued at $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of 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 purchasing an additional 1,142,012 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).