V (Gp) L.L.C. Slta Sells 453,321 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director V (Gp) L.L.C. Slta sold 453,321 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $114.99, for a total value of $52,127,381.79. Following the sale, the director now owns 877,339 shares in the company, valued at approximately $100,885,211.61. This represents a 34.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

V (Gp) L.L.C. Slta also recently made the following trade(s):

• On Wednesday, June 11th, V (Gp) L.L.C. Slta sold 8,722 shares of Dell Technologies stock. The stock was sold at an average price of $114.12, for a total transaction of $995,354.64.
• On Tuesday, June 10th, V (Gp) L.L.C. Slta sold 310,771 shares of Dell Technologies stock. The stock was sold at an average price of $113.99, for a total transaction of $35,424,786.29.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $3.92 during midday trading on Friday, hitting $109.48. The company's stock had a trading volume of 5,121,351 shares, compared to its average volume of 9,338,109. The business's 50 day simple moving average is $99.45 and its 200 day simple moving average is $105.73. The company has a market cap of $76.40 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. 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 previous year, the business posted $1.27 earnings per share. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently made changes to their positions in DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the first quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies in the first quarter valued at approximately $26,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Raymond James upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).