Dell Technologies Inc. (NYSE:DELL) Director Sells $78,875,000.00 in Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dell Technologies Stock Down 1.1%

Shares of NYSE:DELL traded down $1.36 during trading on Monday, hitting $122.63. 5,422,279 shares of the company were exchanged, compared to its average volume of 8,807,302. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23. The company has a market capitalization of $83.25 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.01. The business's 50 day moving average is $107.51 and its 200-day moving average is $104.96.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC raised its position in Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after purchasing an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after acquiring an additional 5,040 shares during the period. Geode Capital Management LLC boosted its holdings in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Dell Technologies by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Loop Capital lowered their target price on shares of 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. lifted their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Barclays upped their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Mizuho increased their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).

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