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

Dell Technologies Inc. (NYSE:DELL) shares traded down 1.4% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $132.24 and last traded at $134.04. 1,621,444 shares were traded during trading, a decline of 84% from the average session volume of 10,028,786 shares. The stock had previously closed at $136.01.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho started coverage on Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday. Finally, Sanford C. Bernstein dropped their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Dell Technologies Price Performance

The company has a market capitalization of $94.07 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.43 and a beta of 0.89. The stock has a fifty day simple moving average of $124.71 and a 200-day simple moving average of $126.67.

Dell Technologies (NYSE:DELL) last announced 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. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter valued at $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the 1st quarter valued at $30,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the period. Finally, Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).