Dell Technologies (NYSE:DELL) Shares Down 1.2% Following Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price traded down 1.2% on Friday following insider selling activity. The company traded as low as $123.60 and last traded at $124.45. 1,352,439 shares changed hands during trading, a decline of 85% from the average session volume of 8,846,946 shares. The stock had previously closed at $125.98.

Specifically, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer now owns 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total value of $1,285,244.73. Following the sale, the director now owns 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 2,900 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total value of $348,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 10.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

Several brokerages have weighed in on DELL. Raymond James Financial boosted their price target on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Down 1.5%

The company’s fifty day simple moving average is $107.51 and its two-hundred day simple moving average is $105.15. The company has a market capitalization of $84.26 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the business posted $1.27 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies’s dividend payout ratio (DPR) is 33.49%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in shares of Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after buying an additional 100 shares during the period. Vanguard Capital Wealth Advisors boosted its holdings in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after buying an additional 100 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after buying an additional 116 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in Dell Technologies by 6.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company’s stock valued at $230,000 after purchasing an additional 118 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Dell Technologies by 5.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company’s stock worth $272,000 after acquiring an additional 124 shares in the last quarter. 76.37% of the stock is currently 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).