Insider Selling: Dell Technologies Inc. (NYSE:DELL) General Counsel Sells 70,165 Shares of Stock

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 dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the transaction, the general counsel now directly owns 79,928 shares of the company's stock, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $1.95 during trading on Friday, reaching $113.77. The stock had a trading volume of 2,461,595 shares, compared to its average volume of 9,511,108. The stock has a market cap of $79.39 billion, a PE ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The firm's 50 day moving average price is $96.35 and its two-hundred day moving average price is $106.63.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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 net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of DELL. Bogart Wealth LLC boosted its position in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after purchasing an additional 100 shares during the period. Tortoise Investment Management LLC grew its position in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after acquiring an additional 100 shares during the last quarter. Vanguard Capital Wealth Advisors increased its holdings in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after acquiring an additional 100 shares during the period. Spire Wealth Management lifted its position in Dell Technologies by 3.3% in the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after purchasing an additional 104 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock valued at $40,000 after purchasing an additional 111 shares during the period. Institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. UBS Group lowered their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Raymond James upped their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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).