Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell Sells 1,602,535 Shares

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 1,602,535 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total value of $172,144,309.70. Following the transaction, the chief executive officer now directly owns 15,412,241 shares in the company, valued at approximately $1,655,582,928.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dell Technologies Stock Performance

DELL traded up $2.19 during mid-day trading on Friday, reaching $114.35. 7,339,756 shares of the stock were exchanged, compared to its average volume of 10,402,498. The stock has a market capitalization of $81.10 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. 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 $114.47 and a two-hundred day moving average price of $123.71.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion during 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%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DELL shares. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. TD Cowen dropped their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Citigroup lifted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Barclays boosted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.75.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently modified their holdings of DELL. Private Advisor Group LLC lifted its holdings in Dell Technologies by 2.0% in the 4th quarter. Private Advisor Group LLC now owns 14,074 shares of the technology company’s stock worth $1,077,000 after purchasing an additional 276 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Dell Technologies during the 4th quarter worth $52,000. Dimensional Fund Advisors LP raised its stake in Dell Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock worth $68,048,000 after buying an additional 3,343 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Dell Technologies by 6.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,456 shares of the technology company’s stock valued at $647,000 after buying an additional 506 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Dell Technologies by 16.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock worth $382,000 after purchasing an additional 688 shares in the last quarter. 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).