Yvonne Mcgill Sells 8,000 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dell Technologies Price Performance

Shares of DELL opened at $124.38 on Thursday. The firm has a 50-day simple moving average of $127.08 and a two-hundred day simple moving average of $126.95. The stock has a market cap of $87.36 billion, a PE ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its 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 during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.18.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of DELL. Franklin Resources Inc. lifted its position in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after purchasing an additional 1,002,117 shares in the last quarter. Tidal Investments LLC increased its stake in Dell Technologies by 49.0% during the 3rd quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock worth $17,471,000 after buying an additional 48,436 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $198,000. Morse Asset Management Inc lifted its holdings in Dell Technologies by 180.1% during the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock worth $2,516,000 after buying an additional 13,646 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Dell Technologies in the 3rd quarter valued at approximately $894,000. 38.10% 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).