Insider Selling: Dell Technologies Inc. (NYSE:DELL) CEO Sells $172,144,309.70 in Stock

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 1,602,535 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the sale, the chief executive officer now owns 15,412,241 shares in the company, valued at $1,655,582,928.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dell Technologies Stock Up 1.9 %

NYSE:DELL opened at $114.30 on Monday. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The stock’s 50 day moving average price is $113.98 and its 200 day moving average price is $124.30. The company has a market capitalization of $81.07 billion, a PE ratio of 23.33, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on DELL. Barclays lifted their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Fox Advisors upgraded shares of 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 shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note 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 company a “buy” rating in a report on Friday, August 30th. Finally, Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.75.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently made changes to their positions in the business. Accordant Advisory Group Inc purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV raised its stake 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 purchasing an additional 82 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the second quarter worth $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter valued at $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in Dell Technologies in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).