Dell Technologies (NYSE:DELL) Shares Down 1.1% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 1.1% during trading on Tuesday following insider selling activity. The stock traded as low as $116.00 and last traded at $116.29. Approximately 2,434,186 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 10,687,719 shares. The stock had previously closed at $117.57.

Specifically, CEO Michael S. Dell sold 1,166,595 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total value of $136,981,584.90. Following the sale, the chief executive officer now directly owns 26,912,241 shares in the company, valued at $3,160,035,338.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 500,000 shares of Dell Technologies stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $117.93, for a total value of $58,965,000.00. Following the completion of the transaction, the chief executive officer now owns 36,412,241 shares of the company’s stock, valued at approximately $4,294,095,581.13. The disclosure for this sale can be found here. In related news, CEO Michael S. Dell sold 1,546,550 shares of Dell Technologies stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the completion of the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Bank of America raised their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Loop Capital raised their price objective on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Trading Down 1.1 %

The company has a market cap of $82.48 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The stock has a fifty day simple moving average of $110.91 and a two-hundred day simple moving average of $124.33.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for 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 for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after buying an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in shares of Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in Dell Technologies by 2.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock valued at $635,000 after buying an additional 100 shares in the last quarter. Finally, Front Row Advisors LLC grew its holdings in Dell Technologies by 35.8% during the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock valued at $54,000 after buying an additional 103 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

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).