Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells 20,000 Shares of Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director William D. Green sold 20,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $130.00, for a total value of $2,600,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $5,855,850. The trade was a 30.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dell Technologies Stock Down 3.5%

Shares of DELL traded down $4.49 during midday trading on Tuesday, reaching $124.48. 6,272,365 shares of the stock were exchanged, compared to its average volume of 8,504,613. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The company has a market cap of $84.50 billion, a P/E ratio of 19.85, a PEG ratio of 1.05 and a beta of 1.02. The stock's 50 day simple moving average is $117.32 and its 200 day simple moving average is $105.85.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the firm posted $1.27 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Dell Technologies during the 4th quarter valued at about $455,029,000. Vanguard Group Inc. grew its position in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation bought a new position in Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its position in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Boston Partners grew its position in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DELL. Morgan Stanley raised their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. KeyCorp assumed coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Company Profile

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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