Dell Technologies (NYSE:DELL) Shares Gap Down Following Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $141.74, but opened at $124.92. Dell Technologies shares last traded at $123.74, with a volume of 4,461,779 shares trading hands.

Specifically, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DELL. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Citigroup lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.06.

Dell Technologies Price Performance

The stock’s 50-day moving average is $126.91 and its 200 day moving average is $126.97. The company has a market cap of $89.02 billion, a PE ratio of 22.75, a PEG ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.40%. Dell Technologies’s payout ratio is currently 32.72%.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC boosted its holdings in Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after buying an additional 292 shares in the last quarter. BOKF NA boosted its holdings in Dell Technologies by 38.2% during the first quarter. BOKF NA now owns 604 shares of the technology company’s stock worth $72,000 after buying an additional 167 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dell Technologies by 151.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock worth $89,178,000 after buying an additional 470,642 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Dell Technologies by 1.5% during the first quarter. California State Teachers Retirement System now owns 382,939 shares of the technology company’s stock worth $43,697,000 after buying an additional 5,765 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares in the last quarter. Institutional investors and hedge funds own 38.10% 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).