Dell Technologies (NYSE:DELL) Director Ellen Jamison Kullman Sells 79,806 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the sale, the director owned 65,662 shares of the company’s stock, valued at $10,083,056.72. The trade was a 54.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dell Technologies Stock Down 1.1%

Shares of Dell Technologies stock opened at $149.57 on Friday. The company has a market cap of $100.57 billion, a PE ratio of 22.00, a P/E/G ratio of 1.03 and a beta of 1.05. The business has a 50 day moving average of $135.90 and a 200 day moving average of $118.81. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The company had revenue of $26.43 billion during 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. On average, research 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. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is currently 30.88%.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. Brighton Jones LLC grew its stake in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Dell Technologies by 94.8% during the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after buying an additional 2,878 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock valued at $5,417,000 after buying an additional 4,977 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock valued at $224,000 after buying an additional 506 shares during the last quarter. Finally, Mission Wealth Management LP boosted its position in shares of Dell Technologies by 62.4% during the first quarter. Mission Wealth Management LP now owns 3,037 shares of the technology company’s stock valued at $277,000 after buying an additional 1,167 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DELL shares. Wells Fargo & Company upped their price target on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. UBS Group upped their price target on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Susquehanna upped their price target on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.79.

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).