Dell Technologies (NYSE:DELL) Stock Price Down 3.8% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 3.8% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $113.52 and last traded at $113.98. Approximately 3,759,669 shares were traded during trading, a decline of 65% from the average daily volume of 10,679,455 shares. The stock had previously closed at $118.54.

Specifically, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Analyst Ratings Changes

Several research firms recently issued reports on DELL. Wells Fargo & Company dropped their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays increased their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price for the company. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Trading Up 0.3 %

The stock has a market cap of $80.47 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The stock’s 50-day moving average is $109.86 and its 200-day moving average is $124.58.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. On average, equities analysts forecast that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV raised its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the second quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Nemes Rush Group LLC purchased a new position in Dell Technologies in the 2nd quarter worth about $33,000. 38.10% of the stock is currently owned by institutional investors.

About Dell Technologies

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).