Dell Technologies (NYSE:DELL) Stock Price Down 3.4% on Insider Selling

Key Points

• Dell Technologies' stock decreased by 3.4% following significant insider selling, with approximately 11.6 million shares traded on Friday, marking a 59% increase in volume.
• Director Iv (Gp) L.L.C. Slta sold 499,999 shares at an average price of $161.48, while another director sold 42,736 shares at $160.00, leading to significant decreases in their ownership stakes.
• Dell Technologies has announced a quarterly dividend of $0.525 per share, with an ex-dividend date of October 21st, reflecting a 1.4% dividend yield.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was down 3.4% on Friday following insider selling activity. The stock traded as low as $150.42 and last traded at $150.67. Approximately 11,645,105 shares changed hands during trading, an increase of 59% from the average daily volume of 7,302,412 shares. The stock had previously closed at $155.95.

Specifically, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, Director V (Gp) L.L.C. Slta sold 509,191 shares of Dell Technologies stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $146.12, for a total value of $74,402,988.92. Following the completion of the transaction, the director directly owned 3 shares in the company, valued at approximately $438.36. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DELL shares. Fox Advisors cut Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on Dell Technologies from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday. Raymond James Financial upped their price target on Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dell Technologies in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.53.

Dell Technologies Stock Down 3.4%

The company's fifty day simple moving average is $133.51 and its two-hundred day simple moving average is $116.47. The company has a market capitalization of $101.31 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The company had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities research analysts expect 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, October 31st. Shareholders of record on Tuesday, October 21st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio is presently 30.88%.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in DELL. Exchange Traded Concepts LLC raised 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 worth $224,000 after buying an additional 506 shares during the last quarter. First Hawaiian Bank raised its position in Dell Technologies by 67.1% in the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after acquiring an additional 14,010 shares during the period. Carolina Wealth Advisors LLC bought a new stake in Dell Technologies in the second quarter worth about $8,869,000. Wealthcare Advisory Partners LLC raised its position in shares of Dell Technologies by 44.9% in the first 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 period. Finally, Mather Group LLC. increased its holdings in Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after acquiring an additional 554 shares during the period. Institutional investors own 76.37% of the company's stock.

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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