Dell Technologies Inc. (NYSE:DELL) Insider William F. Scannell Sells 42,595 Shares

Dell Technologies Inc. (NYSE:DELL) insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dell Technologies Stock Performance

Shares of DELL opened at $126.43 on Friday. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The stock’s fifty day moving average is $110.47 and its 200-day moving average is $124.31. The firm has a market capitalization of $89.68 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. Analysts forecast that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.41%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Citigroup raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $143.47.

Hedge Funds Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Dell Technologies during the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $30,000. Finally, Nemes Rush Group LLC bought a new stake in Dell Technologies during the second quarter worth approximately $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).