Dell Technologies Inc. (NYSE:DELL) Director William D. Green Sells 50,000 Shares

Key Points

• William D. Green, Director of Dell Technologies Inc., sold 50,000 shares at an average price of $140, totaling $7 million, representing a 52.61% reduction in his ownership.
• Dell's stock is currently trading at $139.33, reflecting a 1.6% decrease as it approaches its 12-month high of $147.66.
• The company reported earnings of $1.55 EPS for its last quarter, which missed expectations, but revenue increased by 5.1% year-over-year.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the transaction, the director owned 45,045 shares in the company, valued at $6,306,300. This represents a 52.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dell Technologies Trading Up 0.5%

Shares of NYSE DELL traded up $0.75 during mid-day trading on Monday, hitting $139.03. The company had a trading volume of 614,338 shares, compared to its average volume of 7,121,178. The company has a market capitalization of $94.38 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The stock's 50-day moving average price is $125.79 and its 200-day moving average price is $108.74.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations 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 last year, the firm posted $1.27 earnings per share. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Susquehanna reaffirmed a "neutral" rating and set a $125.00 price target on shares of Dell Technologies in a research report on Wednesday. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Citigroup increased their price target on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.00.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its stake in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after buying an additional 809 shares during the period. Mather Group LLC. boosted its stake in Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after buying an additional 554 shares during the period. Golden State Wealth Management LLC boosted its stake in Dell Technologies by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after buying an additional 1,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after buying an additional 4,977 shares during the period. Institutional investors 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).