Dell Technologies Inc. (NYSE:DELL) Director Sells 725 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $2.45 during trading on Thursday, reaching $129.18. 5,591,844 shares of the company traded hands, compared to its average volume of 10,437,089. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The company has a 50 day moving average price of $113.52 and a 200-day moving average price of $125.37. The firm has a market capitalization of $91.63 billion, a PE ratio of 26.72, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.38%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the 2nd quarter worth $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the 1st quarter worth $30,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth $33,000. Institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DELL shares. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Citigroup lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).