Lake Group L.L.C. Silver Sells 10,681 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the transaction, the director now directly owns 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dell Technologies Stock Down 1.5%

Shares of Dell Technologies stock opened at $124.12 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.16 and a beta of 1.01. The company’s fifty day moving average is $107.51 and its 200 day moving average is $105.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the firm earned $1.27 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.69%. Dell Technologies’s payout ratio is 33.49%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Brighton Jones LLC lifted its holdings in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after buying an additional 901 shares during the period. IFP Advisors Inc raised its holdings in shares of Dell Technologies by 31.9% during the fourth quarter. IFP Advisors Inc now owns 4,654 shares of the technology company’s stock valued at $537,000 after purchasing an additional 1,125 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of Dell Technologies by 10.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,951 shares of the technology company’s stock valued at $340,000 after purchasing an additional 281 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Dell Technologies by 2.6% during the fourth quarter. Amalgamated Bank now owns 57,678 shares of the technology company’s stock valued at $6,647,000 after purchasing an additional 1,467 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research note on Friday, May 30th. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday. They set a “sector weight” rating on the stock. The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Finally, UBS Group decreased their target price on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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).