Dell Technologies Inc. (NYSE:DELL – Get Free Report) Director Iv (Gp) L.L.C. Slta sold 318,171 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $132.84, for a total value of $42,265,835.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Iv (Gp) L.L.C. Slta also recently made the following trade(s):
- On Monday, September 22nd, Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02.
- On Monday, September 15th, Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock. The stock was sold at an average price of $127.00, for a total value of $76,200,000.00.
- On Thursday, July 10th, Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00.
- On Thursday, June 26th, Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00.
Dell Technologies Price Performance
DELL stock opened at $130.91 on Friday. The company has a market cap of $88.02 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The stock’s fifty day moving average price is $130.39 and its 200-day moving average price is $113.04.
Dell Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s payout ratio is 30.88%.
Institutional Investors Weigh In On Dell Technologies
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. State Street Corp increased its stake in Dell Technologies by 2.1% during the second quarter. State Street Corp now owns 14,099,317 shares of the technology company’s stock worth $1,728,576,000 after acquiring an additional 292,167 shares during the last quarter. Boston Partners increased its stake in Dell Technologies by 15.0% during the second quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock worth $725,586,000 after acquiring an additional 771,966 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies during the second quarter worth approximately $528,279,000. Finally, Deutsche Bank AG increased its stake in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after acquiring an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on DELL shares. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Wells Fargo & Company lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Raymond James Financial raised their price target on Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Daiwa Capital Markets raised their price target on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, Citigroup raised their price target on Dell Technologies from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, August 11th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.67.
View Our Latest Analysis on DELL
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).
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