Dell Technologies Inc. (NYSE:DELL) Director Sells 725 Shares

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Monday, December 16th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The shares were sold at an average price of $120.00, for a total value of $87,000.00.
• On Friday, November 15th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The shares were sold at an average price of $132.28, for a total value of $95,903.00.

Dell Technologies Stock Performance

Shares of DELL opened at $113.66 on Friday. The company has a market capitalization of $79.61 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.22 and a beta of 0.92. The business’s 50-day moving average is $120.76 and its two-hundred day moving average is $119.41. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) 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 last year, the business earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given 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 1.57%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in shares of Dell Technologies in the 2nd quarter valued at about $1,941,000. EverSource Wealth Advisors LLC increased its position in shares of Dell Technologies by 97.2% in the second quarter. EverSource Wealth Advisors LLC now owns 428 shares of the technology company’s stock valued at $59,000 after buying an additional 211 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Dell Technologies by 383.2% during the 2nd quarter. Bank of Montreal Can now owns 368,695 shares of the technology company’s stock valued at $51,772,000 after buying an additional 292,393 shares in the last quarter. Xponance Inc. grew its stake in Dell Technologies by 121.6% in the 2nd quarter. Xponance Inc. now owns 24,995 shares of the technology company’s stock valued at $3,447,000 after acquiring an additional 13,717 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Dell Technologies in the 2nd quarter worth $470,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).