Dell Technologies Inc. (NYSE:DELL) General Counsel Richard J. Rothberg Sells 93,954 Shares

Dell Technologies Inc. (NYSE:DELL) General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Dell Technologies Stock Performance

NYSE DELL opened at $124.06 on Friday. The firm’s 50 day moving average price is $104.95 and its 200-day moving average price is $84.15. Dell Technologies Inc. has a 52-week low of $41.15 and a 52-week high of $136.16. The company has a market cap of $88.55 billion, a PE ratio of 28.39, a P/E/G ratio of 1.61 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. Dell Technologies’s dividend payout ratio is presently 33.87%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Loop Capital began coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price target on the stock. UBS Group upped their target price on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Morgan Stanley upped their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust lifted its position in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after acquiring an additional 122 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Dell Technologies by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 9,826 shares of the technology company’s stock worth $752,000 after buying an additional 125 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Dell Technologies by 19.0% in the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after buying an additional 140 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC raised its holdings in shares of Dell Technologies by 2.1% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock worth $535,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).