Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells 725 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Friday, November 15th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00.
• On Tuesday, October 15th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The stock was sold at an average price of $129.50, for a total value of $93,887.50.

Dell Technologies Stock Down 0.8 %

Shares of NYSE:DELL traded down $0.99 during midday trading on Tuesday, reaching $118.28. The company’s stock had a trading volume of 5,099,059 shares, compared to its average volume of 10,036,431. The stock has a fifty day moving average of $128.22 and a 200 day moving average of $124.00. Dell Technologies Inc. has a twelve month low of $71.04 and a twelve month high of $179.70. The firm has a market capitalization of $83.08 billion, a PE ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Bank of America boosted their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Three investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $7,435,000. Franklin Resources Inc. increased its position in shares of Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Dell Technologies by 49.0% during the 3rd quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock worth $17,471,000 after buying an additional 48,436 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $198,000. Finally, Morse Asset Management Inc increased its holdings in Dell Technologies by 180.1% in the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock worth $2,516,000 after acquiring an additional 13,646 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).