Dell Inc. (NASDAQ:DELL) CFO Sells $5,132,000.00 in Stock
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.
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.
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.
Recommended Story: Google Finance Portfolio
Receive News & Ratings for Dell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell and related companies with MarketBeat.com's FREE daily email newsletter.