V (Gp) L.L.C. Slta Sells 527,187 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director now directly owns 938,741 shares in the company, valued at $105,918,147.03. This represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $114.12, for a total transaction of $995,354.64.
• On Monday, June 9th, V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock. The stock was sold at an average price of $114.99, for a total transaction of $52,127,381.79.
• On Tuesday, June 10th, V (Gp) L.L.C. Slta sold 310,771 shares of Dell Technologies stock. The shares were sold at an average price of $113.99, for a total transaction of $35,424,786.29.

Dell Technologies Stock Performance

Shares of DELL stock traded up $0.64 on Thursday, reaching $116.57. 4,662,642 shares of the company were exchanged, compared to its average volume of 9,108,224. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The business has a 50-day moving average price of $102.30 and a 200 day moving average price of $105.30. The company has a market cap of $81.34 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.07 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). The firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. Dell Technologies's payout ratio is 33.49%.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter worth about $26,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DELL. Morgan Stanley lifted 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. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Raymond James Financial upped their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. The Goldman Sachs Group cut their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.00.

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).