Dell Technologies (NYSE:DELL) Stock Price Down 1.9% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price fell 1.9% on Friday after an insider sold shares in the company. The stock traded as low as $126.73 and last traded at $126.77. 1,240,222 shares changed hands during trading, a decline of 88% from the average session volume of 10,390,213 shares. The stock had previously closed at $129.18.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price target for the company. Citigroup boosted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group lowered their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Morgan Stanley reduced their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Down 2.0 %

The stock has a market cap of $89.76 billion, a P/E ratio of 25.82, a PEG ratio of 1.29 and a beta of 0.90. The stock has a fifty day simple moving average of $114.96 and a 200-day simple moving average of $125.45.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the firm earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.41%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently modified their holdings of DELL. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. Clean Yield Group bought a new stake in shares of Dell Technologies during the third quarter worth $25,000. Massmutual Trust Co. FSB ADV raised its holdings 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 acquiring an additional 82 shares during the period. Nemes Rush Group LLC bought a new stake in Dell Technologies in the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC acquired a new position in Dell Technologies in the 2nd quarter worth $34,000. 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).