Dell Technologies (NYSE:DELL) Shares Down 2.1% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price fell 2.1% during trading on Thursday following insider selling activity. The company traded as low as $140.88 and last traded at $142.71. 2,286,548 shares were traded during mid-day trading, a decline of 77% from the average session volume of 10,006,091 shares. The stock had previously closed at $145.77.

Specifically, CEO Michael S. Dell sold 1,205,052 shares of Dell Technologies stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,205,052 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,032,750 shares of company stock valued at $959,881,905. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. UBS Group boosted their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Morgan Stanley reiterated an “overweight” rating and issued a $155.00 price target on shares of Dell Technologies in a research note on Monday, June 17th. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Finally, Evercore ISI reiterated an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Price Performance

The company has a 50-day moving average price of $142.48 and a 200 day moving average price of $114.84. The firm has a market capitalization of $99.00 billion, a PE ratio of 28.48, a P/E/G ratio of 1.80 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

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. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.28%. Dell Technologies’s payout ratio is currently 36.33%.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares in the last quarter. Boston Partners lifted its holdings in shares of Dell Technologies by 2.1% in the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after buying an additional 197,435 shares during the period. Capital World Investors bought a new stake in shares of Dell Technologies in the first quarter valued at about $835,946,000. Point72 Asset Management L.P. lifted its stake in Dell Technologies by 14.8% in the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after acquiring an additional 520,677 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in 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 period. Institutional investors own 38.10% of the company’s stock.

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).