Dell Technologies Inc. (NYSE:DELL) Director Sells $12,997,173.60 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at $97,386,032.16. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Dell Technologies Trading Down 5.7 %

NYSE DELL opened at $116.81 on Wednesday. Dell Technologies Inc. has a 52 week low of $68.49 and a 52 week high of $179.70. The stock has a market cap of $82.05 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a 50-day moving average price of $128.00 and a two-hundred day moving average price of $125.72.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.52%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Institutional Trading of Dell Technologies

A number of institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama acquired a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $7,435,000. Franklin Resources Inc. lifted its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after acquiring an additional 1,002,117 shares during the period. Tidal Investments LLC lifted its stake in Dell Technologies by 49.0% during the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock valued at $17,471,000 after purchasing an additional 48,436 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dell Technologies during the third quarter valued at approximately $198,000. Finally, Morse Asset Management Inc lifted its stake in Dell Technologies by 180.1% during the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 13,646 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein cut their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $148.06.

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).