Dell Inc. (NASDAQ:DELL) Insider Sells $7,266,371.00 in Stock
Dell Inc. (NASDAQ:DELL) insider Karen H. Quintos sold 131,900 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $55.09, for a total transaction of $7,266,371.00.
DELL stock opened at $52.80 on Thursday. The company’s 50 day simple moving average is $50.88 and its 200-day simple moving average is $57.10. The firm has a market capitalization of $38.69 billion, a PE ratio of 8.56 and a beta of 0.47. Dell Inc. has a 12 month low of $42.02 and a 12 month high of $70.55. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.
Dell (NASDAQ:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.46 by $0.69. The business had revenue of $23.37 billion for the quarter, compared to analyst estimates of $23.32 billion. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in DELL. BlackRock Inc. grew its position in shares of Dell by 49.3% in the first quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock valued at $766,504,000 after purchasing an additional 4,314,243 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Dell in the fourth quarter valued at approximately $88,862,000. Investec Asset Management LTD grew its position in shares of Dell by 597.9% in the second quarter. Investec Asset Management LTD now owns 1,933,500 shares of the technology company’s stock valued at $98,222,000 after purchasing an additional 1,656,435 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Dell in the fourth quarter valued at approximately $40,640,000. Finally, Nuveen Asset Management LLC grew its position in shares of Dell by 134.2% in the second quarter. Nuveen Asset Management LLC now owns 1,194,489 shares of the technology company’s stock valued at $60,680,000 after purchasing an additional 684,414 shares during the last quarter. Institutional investors and hedge funds 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.
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