Dell Technologies Inc. (NYSE:DELL) Director Lake Group L.L.C. Silver Sells 25,381 Shares

Dell Technologies Inc. (NYSE:DELL) Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dell Technologies Trading Up 0.1 %

DELL traded up $0.18 during mid-day trading on Thursday, hitting $125.35. 9,646,980 shares of the stock were exchanged, compared to its average volume of 10,080,181. The firm’s fifty day moving average is $142.64 and its two-hundred day moving average is $116.27. Dell Technologies Inc. has a 1-year low of $52.05 and a 1-year high of $179.70. The company has a market cap of $88.91 billion, a PE ratio of 25.28, a PEG ratio of 1.66 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Analyst Upgrades and Downgrades

DELL has been the topic of several recent research reports. Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley restated an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a report on Monday, June 17th. Citigroup boosted their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Sanford C. Bernstein boosted their target price 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.81.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% in 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. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter valued at $30,000. Central Bank & Trust Co. purchased a new stake in Dell Technologies during the 1st quarter worth about $34,000. Bangor Savings Bank boosted its position 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. Finally, Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).