Dell Inc. (NASDAQ:DELL) CFO Thomas W. Sweet sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.32, for a total value of $5,132,000.00. Following the sale, the chief financial officer now directly owns 128,889 shares in the company, valued at approximately $6,614,583.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:DELL traded up $0.44 during mid-day trading on Friday, reaching $53.36. 3,396,177 shares of the stock were exchanged, compared to its average volume of 2,682,425. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. The company has a market cap of $38.34 billion, a P/E ratio of 8.65 and a beta of 0.47. Dell Inc. has a one year low of $42.02 and a one year high of $70.55. The stock’s 50 day simple moving average is $51.35 and its 200-day simple moving average is $57.22.

Dell (NASDAQ:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.69. The firm had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $23.32 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Dell Inc. will post 6.23 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Credit Suisse Group increased their price objective on Dell from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. UBS Group increased their price objective on Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Barclays increased their price objective on Dell from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Wells Fargo & Co set a $68.00 price objective on Dell and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Raymond James increased their price objective on Dell from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $61.38.

Hedge funds have recently bought and sold shares of the business. Hanson McClain Inc. grew its stake in Dell by 823.4% in the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Trustcore Financial Services LLC bought a new position in Dell in the first quarter valued at approximately $26,000. Israel Discount Bank of New York bought a new position in Dell in the first quarter valued at approximately $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in Dell in the first quarter valued at approximately $27,000. Finally, Ibex Wealth Advisors bought a new position in Dell in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.

About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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