Dell Technologies Inc. (NYSE:DELL – Get Rating) General Counsel Richard J. Rothberg sold 64,892 shares of the firm’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $47.52, for a total value of $3,083,667.84. Following the transaction, the general counsel now owns 160,212 shares in the company, valued at $7,613,274.24. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of DELL opened at $47.10 on Wednesday. Dell Technologies Inc. has a 12-month low of $45.29 and a 12-month high of $61.54. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 2.23. The company has a market cap of $35.81 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. The stock has a 50-day moving average price of $53.63 and a 200-day moving average price of $64.97.
Dell Technologies (NYSE:DELL – Get Rating) last announced its earnings results on Thursday, February 24th. The technology company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.23). The company had revenue of $27.99 billion for the quarter, compared to the consensus estimate of $27.52 billion. Dell Technologies had a net margin of 5.20% and a return on equity of 87.33%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 earnings per share. As a group, analysts predict that Dell Technologies Inc. will post 5.58 earnings per share for the current year.
A number of research firms recently weighed in on DELL. TheStreet lowered shares of Dell Technologies from a “b” rating to a “c+” rating in a research report on Friday, February 25th. Sanford C. Bernstein upgraded Dell Technologies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $35.57 to $72.00 in a research note on Monday, January 10th. The Goldman Sachs Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $61.00 in a research note on Friday, April 1st. Morgan Stanley downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $66.00 to $60.00 in a report on Thursday, March 31st. Finally, Zacks Investment Research lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $87.69.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Dell Technologies during the 1st quarter valued at about $10,033,000. Morgan Stanley boosted its stake in Dell Technologies by 30.7% in the second quarter. Morgan Stanley now owns 2,216,503 shares of the technology company’s stock worth $220,919,000 after buying an additional 520,626 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Dell Technologies during the third quarter valued at approximately $224,000. Crossmark Global Holdings Inc. raised its stake in shares of Dell Technologies by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,065 shares of the technology company’s stock worth $631,000 after acquiring an additional 90 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Dell Technologies by 15.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 38,864 shares of the technology company’s stock valued at $4,071,000 after purchasing an additional 5,076 shares in the last quarter. Hedge funds and other institutional investors own 32.20% of the company’s stock.
Dell Technologies Company Profile (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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