Dell Technologies (NYSE:DELL) Stock Price Down 0.5% Following Insider Selling

Dell Technologies Inc. (NYSE:DELLGet Free Report)’s stock price fell 0.5% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $132.95 and last traded at $135.12. 6,289,080 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 8,819,622 shares. The stock had previously closed at $135.76.

Specifically, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 242,190 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $119.78, for a total value of $29,009,518.20. Following the completion of the sale, the chief executive officer now owns 38,371,362 shares of the company’s stock, valued at $4,596,121,740.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,382,553 shares of company stock worth $596,506,390. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Citigroup upped their target price on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company upped their price target on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Sanford C. Bernstein upped their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, Evercore ISI upped their price target on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Check Out Our Latest Stock Analysis on Dell Technologies

Dell Technologies Stock Performance

The company has a 50 day moving average of $132.53 and a 200-day moving average of $102.35. The stock has a market cap of $98.26 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in Dell Technologies during the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its holdings in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Anchor Investment Management LLC purchased a new stake in Dell Technologies during the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. increased its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Company Profile

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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).

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