Dell Technologies (NYSE:DELL) Trading Down 1.9% Following Insider Selling

Dell Technologies Inc. (NYSE:DELL) shares were down 1.9% during trading on Friday after an insider sold shares in the company. The company traded as low as $126.73 and last traded at $126.77. Approximately 1,240,222 shares changed hands during mid-day trading, a decline of 88% from the average daily 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 on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DELL shares. Susquehanna assumed coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective on the stock. Raymond James decreased 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. Citigroup lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Stock Performance

The company has a market cap of $89.70 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.29 and a beta of 0.90. The business has a fifty day simple moving average of $114.96 and a 200 day simple moving average of $125.50.

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

Dell Technologies Announces Dividend

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

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Accordant Advisory Group Inc acquired a new stake in Dell Technologies in the second quarter worth $28,000. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter worth about $25,000. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% in the 1st 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. Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $34,000. 38.10% of the stock is currently 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).