V (Gp) L.L.C. Slta Sells 103,745 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dell Technologies Stock Up 0.3 %

DELL stock traded up $0.41 during trading on Monday, hitting $123.82. The company had a trading volume of 8,311,907 shares, compared to its average volume of 10,108,911. Dell Technologies Inc. has a 52-week low of $68.49 and a 52-week high of $179.70. The company has a 50 day simple moving average of $128.00 and a 200-day simple moving average of $125.72. The firm has a market capitalization of $86.97 billion, a P/E ratio of 21.88, a PEG ratio of 1.30 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.44%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. UBS Group decreased 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. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Diversify Advisory Services LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $400,000. Sequoia Financial Advisors LLC grew its position in shares of Dell Technologies by 25.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,961 shares of the technology company’s stock worth $2,339,000 after buying an additional 3,446 shares during the last quarter. Bangor Savings Bank raised its stake in shares of Dell Technologies by 117.0% during the 2nd quarter. Bangor Savings Bank now owns 306 shares of the technology company’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Friedenthal Financial acquired a new stake in Dell Technologies in the second quarter valued at approximately $52,000. Finally, Meyer Handelman Co. grew its holdings in Dell Technologies by 82.5% in the second quarter. Meyer Handelman Co. now owns 29,890 shares of the technology company’s stock worth $4,122,000 after purchasing an additional 13,515 shares during the last quarter. 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).