Dell Technologies Inc. (NYSE:DELL) Director Sells $21,812,331.00 in Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 173,100 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $126.01, for a total value of $21,812,331.00. Following the sale, the director owned 980,295 shares in the company, valued at $123,526,972.95. The trade was a 15.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $123.50, for a total transaction of $751,621.00.
• On Wednesday, July 16th, V (Gp) L.L.C. Slta sold 3,900 shares of Dell Technologies stock. The shares were sold at an average price of $125.29, for a total value of $488,631.00.
• 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 transaction 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 transaction of $52,127,381.79.
• On Tuesday, June 10th, V (Gp) L.L.C. Slta sold 310,771 shares of Dell Technologies stock. The shares were sold at an average price of $113.99, for a total value of $35,424,786.29.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $123.87 on Friday. The stock has a market capitalization of $84.09 billion, a P/E ratio of 19.76, a PEG ratio of 1.14 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The business’s 50 day moving average is $116.62 and its two-hundred day moving average is $105.88.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.70%. Dell Technologies’s payout ratio is 33.49%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DELL shares. Wall Street Zen cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup boosted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 30th. TD Cowen raised their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Morgan Stanley upped their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Finally, KeyCorp began coverage on Dell Technologies in a research note on Thursday, June 26th. They set a “sector weight” rating for the company. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.06.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new position in shares of Dell Technologies during the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter worth approximately $25,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies during the first quarter valued at approximately $26,000. Finally, Cheviot Value Management LLC bought a new position in Dell Technologies in the first quarter worth approximately $27,000. 76.37% of the stock is currently owned by institutional investors.

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).