Michael S. Dell Sells 1,032,968 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dell Technologies Stock Performance

Shares of DELL stock traded up $2.19 during trading on Friday, hitting $114.35. The company had a trading volume of 7,339,756 shares, compared to its average volume of 10,402,498. The stock’s 50-day moving average price is $114.47 and its 200 day moving average price is $123.71. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The firm has a market capitalization of $81.10 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the business earned $1.44 earnings per share. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the first quarter valued at about $30,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at about $33,000. Institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Morgan Stanley lowered their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. UBS Group decreased their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Barclays raised their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.75.

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).