Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta Sells 173,100 Shares

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 173,100 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $126.01, for a total value of $21,812,331.00. Following the completion of the transaction, the director owned 980,295 shares in the company, valued at approximately $123,526,972.95. This represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

V (Gp) L.L.C. Slta also recently made the following trade(s):

• On Thursday, July 17th, V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock. The stock was sold at an average price of $123.50, for a total value of $751,621.00.
• On Wednesday, July 16th, V (Gp) L.L.C. Slta sold 3,900 shares of Dell Technologies stock. The stock was sold at an average price of $125.29, for a total value of $488,631.00.
• On Thursday, June 12th, V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21.
• On Wednesday, June 11th, V (Gp) L.L.C. Slta sold 8,722 shares of Dell Technologies stock. The shares were sold at an average price of $114.12, for a total value of $995,354.64.
• On Monday, June 9th, V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock. The shares were sold at an average price of $114.99, for a total value of $52,127,381.79.
• On Tuesday, June 10th, V (Gp) L.L.C. Slta sold 310,771 shares of Dell Technologies stock. The shares were sold at an average price of $113.99, for a total value of $35,424,786.29.

Dell Technologies Stock Up 5.8%

DELL stock opened at $131.08 on Friday. The firm has a market capitalization of $88.98 billion, a PE ratio of 20.91, a PEG ratio of 1.14 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock has a 50-day simple moving average of $117.32 and a two-hundred day simple moving average of $105.99.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies’s payout ratio is presently 33.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, May 30th. Morgan Stanley raised their target price on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Wall Street Zen lowered Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 14th. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors boosted its position in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock valued at $207,000 after acquiring an additional 100 shares during the last quarter. Cary Street Partners Financial LLC boosted its position in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after acquiring an additional 116 shares during the last quarter. OneAscent Financial Services LLC boosted its position in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after acquiring an additional 125 shares during the last quarter. MRP Capital Investments LLC boosted its position in shares of Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after acquiring an additional 125 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Dell Technologies by 1.2% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company’s stock valued at $1,319,000 after acquiring an additional 125 shares during the last quarter. 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).