Insider Selling: Dell Technologies (NYSE:DELL) Director Sells $74,402,988.92 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 509,191 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $146.12, for a total value of $74,402,988.92. Following the sale, the director directly owned 3 shares of the company’s stock, valued at $438.36. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, October 7th, V (Gp) L.L.C. Slta sold 152,918 shares of Dell Technologies stock. The shares were sold at an average price of $148.46, for a total value of $22,702,206.28.
• On Monday, October 6th, V (Gp) L.L.C. Slta sold 809 shares of Dell Technologies stock. The shares were sold at an average price of $149.09, for a total value of $120,613.81.
• On Tuesday, October 7th, V (Gp) L.L.C. Slta sold 327,827 shares of Dell Technologies stock. The shares were sold at an average price of $151.51, for a total value of $49,669,068.77.
• On Tuesday, October 7th, V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76.
• On Wednesday, October 1st, V (Gp) L.L.C. Slta sold 292,351 shares of Dell Technologies stock. The shares were sold at an average price of $146.03, for a total value of $42,692,016.53.
• On Thursday, October 2nd, V (Gp) L.L.C. Slta sold 2,220 shares of Dell Technologies stock. The shares were sold at an average price of $146.07, for a total value of $324,275.40.
• On Wednesday, October 1st, V (Gp) L.L.C. Slta sold 217,649 shares of Dell Technologies stock. The shares were sold at an average price of $147.09, for a total value of $32,013,991.41.
• On Thursday, September 25th, V (Gp) L.L.C. Slta sold 12,481 shares of Dell Technologies stock. The shares were sold at an average price of $130.62, for a total value of $1,630,268.22.
• On Thursday, September 18th, V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00.
• 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.

Dell Technologies Stock Down 3.4%

DELL opened at $150.67 on Friday. The firm has a market capitalization of $101.31 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05. The stock’s 50 day moving average price is $133.98 and its two-hundred day moving average price is $116.82. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $25,000. Winnow Wealth LLC bought a new position in Dell Technologies in the 2nd quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC bought a new position in Dell Technologies in the 1st quarter valued at $27,000. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DELL. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI lifted their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Susquehanna reissued a “neutral” rating and set a $125.00 price objective on shares of Dell Technologies in a report on Wednesday, August 13th. Finally, Barclays lifted their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $160.53.

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).