Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta Sells 325,167 Shares

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

V (Gp) L.L.C. Slta also recently made the following trade(s):

  • On Friday, December 6th, V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60.

Dell Technologies Stock Down 3.7 %

Shares of Dell Technologies stock opened at $114.91 on Friday. The company has a market cap of $80.71 billion, a P/E ratio of 20.30, a PEG ratio of 1.25 and a beta of 0.90. The firm’s 50 day moving average price is $125.51 and its 200-day moving average price is $121.49. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELLGet Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the period. International Assets Investment Management LLC raised its stake in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the last quarter. Franklin Resources Inc. lifted its position in Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after acquiring an additional 1,002,117 shares during the period. Finally, Alkeon Capital Management LLC increased its holdings in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after purchasing an additional 699,204 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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About Dell Technologies

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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).

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Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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