Dell Technologies Inc. (NYSE:DELL) Director Sells $40,489,794.84 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 6th, V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60.

Dell Technologies Stock Down 3.7 %

NYSE:DELL opened at $114.91 on Friday. The stock has a market cap of $80.71 billion, a PE ratio of 20.30, a P/E/G ratio of 1.25 and a beta of 0.90. The business’s 50-day simple moving average is $125.51 and its two-hundred day simple moving average is $121.49. Dell Technologies Inc. has a 52 week low of $76.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. National Bank of Canada FI increased its stake in Dell Technologies by 13.1% in the 2nd quarter. National Bank of Canada FI now owns 3,956 shares of the technology company’s stock worth $565,000 after acquiring an additional 457 shares during the last quarter. Victory Capital Management Inc. lifted its position in Dell Technologies by 6.0% during the second quarter. Victory Capital Management Inc. now owns 90,708 shares of the technology company’s stock valued at $12,510,000 after purchasing an additional 5,171 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Dell Technologies by 27.3% in the 2nd quarter. Private Advisor Group LLC now owns 28,995 shares of the technology company’s stock worth $3,999,000 after buying an additional 6,225 shares in the last quarter. Certuity LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth about $264,000. Finally, Varma Mutual Pension Insurance Co bought a new position in shares of Dell Technologies in the 2nd quarter valued at about $8,675,000. Hedge funds and other 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).