Insider Selling: Dell Technologies Inc. (NYSE:DELL) Insider Sells 91,230 Shares of Stock

Dell Technologies Inc. (NYSE:DELL - Get Free Report) insider William F. Scannell sold 91,230 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider now owns 56,429 shares of the company's stock, valued at $6,682,322.18. This trade represents a 61.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dell Technologies Stock Up 2.5%

Shares of DELL traded up $2.88 during midday trading on Friday, reaching $119.44. 9,562,236 shares of the stock were exchanged, compared to its average volume of 8,986,590. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The firm has a 50 day simple moving average of $103.05 and a 200-day simple moving average of $105.24. The company has a market cap of $81.08 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.08 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $23.17 billion. During the same period last year, the business earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Capital World Investors raised its stake in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Boston Partners raised its stake in shares of Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Loop Capital decreased 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. UBS Group decreased their price target on 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, Barclays increased their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company 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).

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