Dell Technologies (NYSE:DELL) Trading Down 8.5% on Insider Selling

Dell Technologies Inc. (NYSE:DELL - Get Free Report) dropped 8.5% on Monday following insider selling activity. The stock traded as low as $104.33 and last traded at $104.10. Approximately 5,975,860 shares traded hands during trading, a decline of 19% from the average daily volume of 7,346,745 shares. The stock had previously closed at $113.73.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Citigroup cut their target price on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.

Dell Technologies Price Performance

The firm's fifty day moving average is $120.76 and its two-hundred day moving average is $119.04. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the business posted $1.62 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

Institutional Trading of Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Silver Oak Securities Incorporated raised its holdings in Dell Technologies by 89.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,551 shares of the technology company's stock worth $523,000 after buying an additional 2,143 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Dell Technologies by 4.8% in the 4th quarter. State of Alaska Department of Revenue now owns 35,020 shares of the technology company's stock valued at $4,035,000 after acquiring an additional 1,615 shares in the last quarter. Choreo LLC boosted its stake in Dell Technologies by 17.0% in the 4th quarter. Choreo LLC now owns 8,975 shares of the technology company's stock worth $1,031,000 after purchasing an additional 1,302 shares during the period. Deltec Asset Management LLC grew its position in Dell Technologies by 55.6% during the 4th quarter. Deltec Asset Management LLC now owns 37,097 shares of the technology company's stock worth $4,275,000 after purchasing an additional 13,263 shares in the last quarter. Finally, Nvwm LLC raised its stake in Dell Technologies by 1.6% during the 4th quarter. Nvwm LLC now owns 20,491 shares of the technology company's stock valued at $2,361,000 after purchasing an additional 320 shares during the period. 76.37% of the stock is currently owned by 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).