Dell Technologies Inc. (NYSE:DELL - Get Free Report) dropped 1.9% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $120.91 and last traded at $120.24. Approximately 1,101,365 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 8,777,783 shares. The stock had previously closed at $122.60.
Specifically, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the transaction, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. This represents a 24.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their position. The disclosure for this sale can be found here. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Analyst Ratings Changes
A number of research analysts have commented on DELL shares. Citigroup upped their price target on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Raymond James Financial upped their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. KeyCorp started coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Mizuho upped 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, TD Cowen increased their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.
Get Our Latest Report on Dell Technologies
Dell Technologies Stock Performance
The company has a market cap of $82.70 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.02. The stock has a 50-day moving average of $108.31 and a two-hundred day moving average of $104.99.
Dell Technologies (NYSE:DELL - Get Free Report) last posted 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 net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the business earned $1.27 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.
Institutional Trading of Dell Technologies
Institutional 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 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Dell Technologies by 79.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 5,040 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $789,680,000 after purchasing an additional 552,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake 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 last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.
Dell Technologies Company Profile
(
Get Free Report)
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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