Dell Technologies Inc. (NYSE:DELL – Get Free Report) fell 8.5% on Monday after an insider sold shares in the company. The stock traded as low as $104.33 and last traded at $104.10. 5,975,860 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 7,346,745 shares. The stock had previously closed at $113.73.
Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup dropped their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $148.06.
Dell Technologies Trading Down 2.4 %
The company’s fifty day moving average is $120.12 and its 200 day moving average is $118.78. The company has a market capitalization of $71.02 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.22 and a beta of 0.92.
Dell Technologies (NYSE:DELL – Get Free Report) last announced 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 negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.
Dell Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.76%. Dell Technologies’s dividend payout ratio is currently 31.45%.
Institutional Trading of Dell Technologies
Several institutional investors and hedge funds have recently bought and sold shares of DELL. Clean Yield Group bought a new stake in Dell Technologies during the third quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $28,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Kimelman & Baird LLC bought a new position in Dell Technologies in the second quarter valued at $37,000. Finally, MCF Advisors LLC raised its position in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.
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).
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