Dell Technologies Inc. (NYSE:DELL) Director Sells $144,680,000.00 in Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the completion of the transaction, the director now directly owns 770,369 shares in the company, valued at $111,456,986.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

V (Gp) L.L.C. Slta also recently made the following trade(s):

  • On Wednesday, July 3rd, V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40.
  • On Thursday, June 20th, V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31.

Dell Technologies Stock Performance

Dell Technologies stock remained flat at $145.74 during trading on Wednesday. The company had a trading volume of 7,375,495 shares, compared to its average volume of 10,064,876. Dell Technologies Inc. has a fifty-two week low of $52.05 and a fifty-two week high of $179.70. The company’s 50-day moving average price is $141.84 and its 200 day moving average price is $114.21. The firm has a market cap of $103.37 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.22%. Dell Technologies’s payout ratio is 36.33%.

Analyst Ratings Changes

A number of analysts have commented on DELL shares. Bank of America boosted their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Loop Capital boosted their price objective on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Wells Fargo & Company boosted their price objective on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Finally, Barclays cut their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued 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 $135.81.

Check Out Our Latest Stock Report on Dell Technologies

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Dell Technologies by 58.2% during the first 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 in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. lifted its position in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies during the first quarter worth $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

About Dell Technologies

(Get Free Report)

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).

See Also

Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.