Insider Selling: Dell Technologies Inc. (NYSE:DELL) CEO Sells $1,222,700,000.00 in Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer now directly owns 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Dell Technologies Stock Down 1.5%

Shares of NYSE DELL traded down $1.86 during midday trading on Friday, reaching $124.12. 7,356,438 shares of the stock were exchanged, compared to its average volume of 8,870,335. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.11 and a beta of 1.01. The firm has a 50-day simple moving average of $106.72 and a two-hundred day simple moving average of $105.10. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.69%. Dell Technologies's dividend payout ratio is presently 33.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DELL shares. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. TD Cowen upped their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently bought and sold shares of DELL. Exchange Traded Concepts LLC lifted its position in shares of 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 buying an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings 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 purchasing an additional 809 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Dell Technologies by 79.4% in the fourth 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 period. Geode Capital Management LLC increased its stake in shares of Dell Technologies by 8.7% during the fourth 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of 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 worth $5,417,000 after purchasing an additional 4,977 shares during the last quarter. Hedge funds and other 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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