Dell Technologies (NYSE:DELL) Stock Price Down 0.4% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 0.4% on Monday following insider selling activity. The company traded as low as $111.42 and last traded at $113.73. 1,397,126 shares were traded during mid-day trading, a decline of 86% from the average session volume of 10,343,516 shares. The stock had previously closed at $114.19.

Specifically, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DELL shares. Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Raymond James lifted their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Dell Technologies Stock Performance

The stock’s fifty day simple moving average is $91.82 and its two-hundred day simple moving average is $108.43. The company has a market capitalization of $79.42 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $28,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter valued at $25,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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).