Dell Technologies Inc. (NYSE:DELL) Director William D. Green Sells 50,000 Shares

Dell Technologies Inc. (NYSE:DELL) Director William D. Green sold 50,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director owned 45,045 shares in the company, valued at approximately $6,306,300. This represents a 52.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dell Technologies Trading Down 1.6%

Shares of DELL opened at $139.33 on Thursday. The firm has a market cap of $94.58 billion, a PE ratio of 22.22, a P/E/G ratio of 0.99 and a beta of 1.02. The firm has a fifty day simple moving average of $124.76 and a two-hundred day simple moving average of $108.18. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. Dell Technologies’s payout ratio is presently 33.49%.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. TD Cowen increased their target price on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Raymond James Financial increased their target price on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Finally, KeyCorp assumed coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.82.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently modified their holdings of the business. Winnow Wealth LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $25,000. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at about $25,000. Westside Investment Management Inc. lifted its holdings in shares of Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Dell Technologies in the second quarter worth about $28,000. Finally, Central Pacific Bank Trust Division bought a new stake in Dell Technologies in the second quarter worth about $29,000. Institutional investors own 76.37% 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).