Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells $59,750,657.85 in Stock

Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Dell Technologies Stock Performance

Dell Technologies stock opened at $114.91 on Friday. The stock has a market cap of $80.71 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The stock has a fifty day moving average of $125.51 and a 200 day moving average of $121.49. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays raised their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley upped their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Institutional Trading of Dell Technologies

Several hedge funds have recently bought and sold shares of DELL. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. True Wealth Design LLC lifted its holdings in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies in the second quarter worth $33,000. MCF Advisors LLC raised its position in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Finally, Covestor Ltd increased its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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).