Insider Selling: Dell Technologies Inc. (NYSE:DELL) CFO Sells 8,000 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dell Technologies Stock Down 1.7 %

Shares of DELL traded down $2.42 during mid-day trading on Tuesday, hitting $141.74. 8,998,771 shares of the company’s stock were exchanged, compared to its average volume of 10,003,826. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a fifty day moving average of $126.42 and a two-hundred day moving average of $126.91. The stock has a market cap of $99.56 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.52 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the business posted $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. Mizuho began coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Citigroup increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.50.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. National Pension Service lifted its holdings in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new stake in Dell Technologies in the 3rd quarter valued at about $5,780,000. Harvey Capital Management Inc. acquired a new stake in Dell Technologies in the 3rd quarter valued at about $2,848,000. Chicago Capital LLC increased its position in Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after acquiring an additional 4,385 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after acquiring an additional 5,432 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

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).