Dell Technologies (NYSE:DELL) Shares Down 0.4% After Insider Selling

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 0.4% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $141.78 and last traded at $143.58. 1,974,673 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 9,971,824 shares. The stock had previously closed at $144.16.

Specifically, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.18.

Dell Technologies Price Performance

The stock has a market capitalization of $87.36 billion, a PE ratio of 22.86, a PEG ratio of 1.51 and a beta of 0.89. The stock’s 50 day simple moving average is $127.08 and its two-hundred day simple moving average is $126.95.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. BOKF NA raised its position in shares of Dell Technologies by 38.2% in the first quarter. BOKF NA now owns 604 shares of the technology company’s stock valued at $72,000 after purchasing an additional 167 shares during the period. California State Teachers Retirement System raised its position in shares of Dell Technologies by 1.5% in the first quarter. California State Teachers Retirement System now owns 382,939 shares of the technology company’s stock valued at $43,697,000 after purchasing an additional 5,765 shares during the period. Tidal Investments LLC raised its position in shares of Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares during the period. Comerica Bank raised its position in shares of Dell Technologies by 48.4% in the first quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock valued at $3,259,000 after purchasing an additional 9,307 shares during the period. Finally, iA Global Asset Management Inc. increased its holdings in Dell Technologies by 2.1% during the 1st quarter. iA Global Asset Management Inc. now owns 7,228 shares of the technology company’s stock worth $825,000 after acquiring an additional 147 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).