Dell Technologies (NYSE:DELL) Trading Down 1% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price was down 1% on Thursday after an insider sold shares in the company. The stock traded as low as $122.31 and last traded at $123.87. Approximately 3,396,163 shares were traded during trading, a decline of 66% from the average daily volume of 10,029,266 shares. The stock had previously closed at $125.17.

Specifically, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research report on Monday, June 17th. Sanford C. Bernstein increased their price objective on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. UBS Group raised their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Barclays decreased their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Finally, Bank of America raised their price target on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Up 0.4 %

The firm has a 50 day moving average of $142.37 and a two-hundred day moving average of $116.67. The firm has a market capitalization of $89.22 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Institutional Trading of Dell Technologies

A number of hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Dell Technologies by 43.6% during the second quarter. First Horizon Advisors Inc. now owns 392 shares of the technology company’s stock valued at $54,000 after purchasing an additional 119 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in shares of Dell Technologies by 13.3% during the second quarter. Parsons Capital Management Inc. RI now owns 10,624 shares of the technology company’s stock worth $1,465,000 after acquiring an additional 1,247 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Dell Technologies by 102.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 126,609 shares of the technology company’s stock worth $17,461,000 after acquiring an additional 63,937 shares during the last quarter. Apollon Financial LLC bought a new position in shares of Dell Technologies during the second quarter worth about $223,000. Finally, Sara Bay Financial bought a new position in shares of Dell Technologies during the second quarter worth about $207,000. 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).