Michael S. Dell Sells 1,205,052 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dell Technologies Trading Down 0.1 %

Shares of NYSE:DELL opened at $134.92 on Friday. The stock’s fifty day simple moving average is $134.03 and its two-hundred day simple moving average is $105.01. Dell Technologies Inc. has a 1-year low of $48.74 and a 1-year high of $179.70. The stock has a market cap of $96.30 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of DELL. Capital World Investors bought a new position in Dell Technologies during the 1st quarter valued at $835,946,000. FMR LLC increased its position in shares of Dell Technologies by 59.6% during the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after purchasing an additional 3,499,760 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after purchasing an additional 3,038,891 shares during the last quarter. Alkeon Capital Management LLC increased its position in shares of Dell Technologies by 241.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after purchasing an additional 3,023,625 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after purchasing an additional 2,472,866 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Citigroup increased their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Cowen increased their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Sanford C. Bernstein increased their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Finally, Barclays cut their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

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).