Dell Technologies Inc. (NYSE:DELL - Get Free Report) General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel now owns 79,928 shares in the company, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dell Technologies Price Performance
NYSE DELL traded up $1.95 on Friday, reaching $113.77. The stock had a trading volume of 4,029,926 shares, compared to its average volume of 9,458,845. The firm has a fifty day moving average of $96.79 and a two-hundred day moving average of $106.29. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The company has a market cap of $79.39 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Barclays upped their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Raymond James upped their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.
Get Our Latest Report on Dell Technologies
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after purchasing an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors grew its holdings in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock worth $379,000 after purchasing an additional 104 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in shares of Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.
About Dell Technologies
(
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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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