Dell Technologies (NYSE:DELL) Shares Down 0.4% After Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price fell 0.4% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $141.78 and last traded at $143.58. 1,974,673 shares changed hands during trading, a decline of 80% from the average session volume of 9,971,824 shares. The stock had previously closed at $144.16.

Specifically, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DELL. Bank of America boosted 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. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three investment 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, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies Stock Down 12.2 %

The company’s fifty day simple moving average is $127.08 and its 200 day simple moving average is $126.95. The stock has a market capitalization of $87.36 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. 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 firm earned $1.62 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.43%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the 1st quarter worth approximately $30,000. True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Finally, Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. 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).