Dell Technologies Inc. (NYSE:DELL) Director David W. Dorman Sells 75,000 Shares of Stock

Dell Technologies Inc. (NYSE:DELL) Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Dell Technologies Stock Up 5.2 %

NYSE DELL opened at $142.01 on Tuesday. The business’s 50-day moving average price is $134.33 and its 200 day moving average price is $105.90. The firm has a market cap of $101.37 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.67 and a beta of 0.85. Dell Technologies Inc. has a 52-week low of $48.74 and a 52-week high of $179.70.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research report on Monday. Evercore ISI increased their target price on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, The Goldman Sachs Group lifted their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after buying an additional 647,192 shares during the last quarter. Boston Partners raised its holdings in Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after purchasing an additional 197,435 shares in the last quarter. FMR LLC lifted its position in Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after purchasing an additional 3,499,760 shares during the period. Capital World Investors purchased a new stake in Dell Technologies in the 1st quarter valued at approximately $835,946,000. Finally, Morgan Stanley increased its position in Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

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).