Dell Technologies (NYSE:DELL) Shares Down 1.4% Following Insider Selling

Dell Technologies Inc. (NYSE:DELL) dropped 1.4% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $132.24 and last traded at $134.04. Approximately 1,621,444 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 10,028,786 shares. The stock had previously closed at $136.01.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Barclays increased their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday. Raymond James dropped their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $146.50.

Dell Technologies Stock Performance

The company has a fifty day moving average of $124.71 and a two-hundred day moving average of $126.67. The company has a market cap of $94.07 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. True Wealth Design LLC grew its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in Dell Technologies in the second quarter valued at about $33,000. 38.10% of the stock is currently owned by institutional investors.

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).