Dell Technologies (NYSE:DELL) Shares Down 0.4% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price was down 0.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $141.78 and last traded at $143.58. Approximately 1,974,673 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 9,971,824 shares. The stock had previously closed at $144.16.

Specifically, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Citigroup reduced their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies Stock Performance

The company has a market cap of $87.36 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89. The stock has a 50 day moving average price of $127.08 and a 200 day moving average price of $126.95.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.43%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies during the third quarter worth $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the first quarter valued at about $30,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).