Dell Inc. (NASDAQ:DELL) Insider Howard D. Elias Sells 7,702 Shares

Dell Inc. (NASDAQ:DELL) insider Howard D. Elias sold 7,702 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $46.74, for a total value of $359,991.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ DELL opened at $48.43 on Friday. The stock has a market capitalization of $34.80 billion, a PE ratio of 7.85 and a beta of 0.47. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82. The business has a fifty day moving average price of $53.00 and a two-hundred day moving average price of $57.61. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $70.55.

Dell (NASDAQ:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.30. The firm had revenue of $21.91 billion during the quarter, compared to analysts’ expectations of $22.24 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. Dell’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Dell Inc. will post 6.23 EPS for the current year.



A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. BlackRock Inc. raised its holdings in Dell by 49.3% in the 1st quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock valued at $766,504,000 after acquiring an additional 4,314,243 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Dell in the 4th quarter valued at $88,862,000. Investec Asset Management LTD increased its stake in shares of Dell by 597.9% in the 2nd quarter. Investec Asset Management LTD now owns 1,933,500 shares of the technology company’s stock valued at $98,222,000 after purchasing an additional 1,656,435 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Dell in the 4th quarter valued at $40,640,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Dell by 134.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,194,489 shares of the technology company’s stock valued at $60,680,000 after purchasing an additional 684,414 shares during the last quarter. 22.92% of the stock is owned by hedge funds and other institutional investors.

DELL has been the subject of several research reports. Raymond James reissued an “outperform” rating and set a $69.00 price target (down from $74.00) on shares of Dell in a report on Friday, May 31st. Wells Fargo & Co initiated coverage on Dell in a report on Monday, July 29th. They set an “outperform” rating and a $68.00 price target for the company. Zacks Investment Research raised Dell from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Dell from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Finally, UBS Group lifted their price target on Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Dell has an average rating of “Buy” and a consensus target price of $65.44.

About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Insider Buying and Selling by Quarter for Dell (NASDAQ:DELL)

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