Dell Technologies Inc. (NYSE:DELL) Insider Sells $4,995,967.55 in Stock

Dell Technologies Inc. (NYSE:DELL) insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $126.43 on Friday. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The company has a market capitalization of $89.68 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.25 and a beta of 0.90. The business has a 50-day moving average of $110.47 and a 200-day moving average of $124.31.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the prior year, the business earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its position in shares of Dell Technologies by 1.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. J.P. Marvel Investment Advisors LLC boosted its stake in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 98 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after acquiring an additional 100 shares in the last quarter. Finally, Front Row Advisors LLC increased its position in shares of Dell Technologies by 35.8% in the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock worth $54,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of recent analyst reports. Susquehanna initiated coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Mizuho started coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Finally, Sanford C. Bernstein decreased their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.47.

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).