Thomas W. Sweet Sells 281,818 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CFO Thomas W. Sweet sold 281,818 shares of Dell Technologies stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $95.43, for a total value of $26,893,891.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dell Technologies stock opened at $97.44 on Wednesday. The firm has a market capitalization of $74.55 billion, a P/E ratio of 20.17, a PEG ratio of 0.93 and a beta of 0.99. The stock has a fifty day moving average price of $97.35 and a 200 day moving average price of $96.36. Dell Technologies Inc. has a 52 week low of $58.88 and a 52 week high of $104.62. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 3.74.

Dell Technologies (NYSE:DELL) last released its earnings results on Wednesday, August 25th. The technology company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.21. The firm had revenue of $26.12 billion during the quarter, compared to analyst estimates of $25.55 billion. Dell Technologies had a return on equity of 88.70% and a net margin of 3.77%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. As a group, equities analysts predict that Dell Technologies Inc. will post 8.51 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in DELL. Sunflower Bank N.A. acquired a new stake in Dell Technologies during the second quarter worth about $271,000. MARSHALL WACE ASIA Ltd increased its stake in Dell Technologies by 106.2% during the second quarter. MARSHALL WACE ASIA Ltd now owns 535,191 shares of the technology company’s stock worth $53,342,000 after acquiring an additional 275,593 shares during the last quarter. Marshall Wace LLP increased its stake in Dell Technologies by 848.8% during the second quarter. Marshall Wace LLP now owns 110,359 shares of the technology company’s stock worth $11,000,000 after acquiring an additional 98,728 shares during the last quarter. Marshall Wace North America L.P. boosted its position in shares of Dell Technologies by 410.3% in the second quarter. Marshall Wace North America L.P. now owns 1,429,438 shares of the technology company’s stock worth $142,472,000 after buying an additional 1,149,315 shares during the period. Finally, Mariner LLC boosted its position in shares of Dell Technologies by 1.9% in the second quarter. Mariner LLC now owns 13,445 shares of the technology company’s stock worth $1,340,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 30.04% of the company’s stock.

A number of research firms have commented on DELL. Cowen boosted their target price on Dell Technologies from $98.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, August 27th. Societe Generale decreased their target price on Dell Technologies from $112.00 to $104.00 and set a “hold” rating on the stock in a research report on Tuesday, August 31st. The Goldman Sachs Group upgraded Dell Technologies from a “buy” rating to a “conviction-buy” rating in a research report on Monday. UBS Group boosted their target price on Dell Technologies from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. Finally, OTR Global upgraded Dell Technologies from a “mixed” rating to a “positive” rating in a research report on Thursday, August 5th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Buy” and a consensus target price of $106.53.

Dell Technologies Company Profile

Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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