Dell Technologies (NYSE:DELL) Stock Price Down 1.2% After Insider Selling

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares fell 1.2% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $123.60 and last traded at $124.45. 1,352,439 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 8,846,946 shares. The stock had previously closed at $125.98.

Specifically, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the sale, the director now directly owns 938,741 shares in the company, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of Dell Technologies stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total value of $348,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DELL shares. TD Cowen increased their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Performance

The firm has a market capitalization of $84.61 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The business has a 50 day simple moving average of $106.72 and a two-hundred day simple moving average of $105.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the prior year, the business earned $1.27 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.68%. Dell Technologies's payout ratio is 33.49%.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Dell Technologies by 44.9% in the 1st 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 boosted its stake in shares of Dell Technologies by 79.4% in 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 in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Dell Technologies by 36.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 128,788 shares of the technology company's stock worth $11,739,000 after purchasing an additional 34,453 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

About Dell Technologies

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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