Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta Sells 499,045 Shares

Dell Technologies Inc. (NYSE:DELL) Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dell Technologies Stock Performance

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

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. Dell Technologies’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DELL. Melius Research increased 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. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Citigroup cut their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DELL. iA Global Asset Management Inc. grew its position in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares in the last quarter. National Pension Service grew its holdings in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new position in Dell Technologies during the 3rd quarter valued at about $5,780,000. Retirement Systems of Alabama bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $7,435,000. Finally, Harvey Capital Management Inc. purchased a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $2,848,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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).