Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells 75,000 Shares of Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dell Technologies Stock Performance

NYSE:DELL opened at $149.15 on Thursday. The firm’s 50-day moving average is $135.36 and its 200-day moving average is $106.74. Dell Technologies Inc. has a 52-week low of $48.74 and a 52-week high of $179.70. The company has a market cap of $106.46 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.76 and a beta of 0.85.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.19%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. UBS Group lifted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Citigroup lifted their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Barclays decreased their target price on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $155.00 price target on shares of Dell Technologies in a report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Get Our Latest Report on DELL

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its stake 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 during the period. New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the first quarter valued at about $30,000. Central Bank & Trust Co. bought a new stake in Dell Technologies in the first quarter valued at about $34,000. Jones Financial Companies Lllp bought a new stake in Dell Technologies in the fourth quarter valued at about $25,000. Finally, EntryPoint Capital LLC increased its stake in Dell Technologies by 748.7% in the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after acquiring an additional 292 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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