Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta Sells 600,000 Shares

Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director directly owned 980,295 shares of the company’s stock, valued at approximately $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Iv (Gp) L.L.C. Slta also recently made the following trade(s):

• On Thursday, June 26th, Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00.

Dell Technologies Stock Performance

Dell Technologies stock opened at $125.74 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock has a market cap of $85.36 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. The firm’s 50-day simple moving average is $114.88 and its 200 day simple moving average is $105.56.

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). The company had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies’s payout ratio is 33.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies during the 1st quarter worth approximately $26,000. Finally, Cheviot Value Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $27,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DELL. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. TD Cowen boosted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Evercore ISI reissued an “outperform” rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Company Profile

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).