Insider Selling: Dell Technologies Inc. (NYSE:DELL) Director Sells $93,887.50 in Stock

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $126.46 on Friday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The firm has a 50-day moving average of $114.96 and a 200 day moving average of $125.50. The stock has a market cap of $89.70 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.41%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC purchased a new position in Dell Technologies in the fourth quarter worth about $253,000. Fisher Asset Management LLC lifted its position in Dell Technologies by 2,518.7% in the 4th quarter. Fisher Asset Management LLC now owns 2,802 shares of the technology company’s stock valued at $214,000 after acquiring an additional 2,695 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Dell Technologies by 100.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 26,485 shares of the technology company’s stock worth $2,026,000 after purchasing an additional 13,260 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Dell Technologies by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,284 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Sanford C. Bernstein cut their target price 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. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).