Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta Sells 3,900 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $125.29, for a total value of $488,631.00. Following the completion of the sale, the director owned 980,295 shares in the company, valued at approximately $122,821,160.55. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, July 17th, V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock. The shares were sold at an average price of $123.50, for a total value of $751,621.00.
• On Tuesday, July 15th, V (Gp) L.L.C. Slta sold 173,100 shares of Dell Technologies stock. The stock was sold at an average price of $126.01, for a total value of $21,812,331.00.
• On Thursday, June 12th, V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21.
• On Wednesday, June 11th, V (Gp) L.L.C. Slta sold 8,722 shares of Dell Technologies stock. The stock was sold at an average price of $114.12, for a total value of $995,354.64.
• On Monday, June 9th, V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock. The shares were sold at an average price of $114.99, for a total value of $52,127,381.79.
• On Tuesday, June 10th, V (Gp) L.L.C. Slta sold 310,771 shares of Dell Technologies stock. The stock was sold at an average price of $113.99, for a total transaction of $35,424,786.29.

Dell Technologies Trading Up 2.6%

Shares of DELL stock opened at $127.08 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The stock has a market cap of $86.27 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. The stock has a 50 day simple moving average of $116.62 and a 200 day simple moving average of $105.88.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the firm posted $1.27 EPS. Dell Technologies’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies’s dividend payout ratio is currently 33.49%.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the period. Capital World Investors increased its position in Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Boston Partners grew its holdings in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after purchasing an additional 1,142,012 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DELL shares. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. Bank of America raised their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James Financial boosted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Finally, Barclays boosted their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $140.06.

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).