Dell Technologies (NYSE:DELL) Trading Down 3.8% on Insider Selling

Dell Technologies Inc. (NYSE:DELL) shares traded down 3.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $113.52 and last traded at $113.98. 3,759,669 shares were traded during trading, a decline of 65% from the average session volume of 10,679,455 shares. The stock had previously closed at $118.54.

Specifically, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. 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 research report on Friday, August 30th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Bank of America increased their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Price Performance

The stock’s 50 day moving average is $109.92 and its two-hundred day moving average is $124.66. The stock has a market capitalization of $80.24 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.57%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its stake in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after purchasing an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC boosted its holdings in shares of Dell Technologies by 0.9% in the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 98 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Dell Technologies by 2.2% in the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock valued at $635,000 after acquiring an additional 100 shares during the period. Finally, Front Row Advisors LLC boosted its holdings in shares of Dell Technologies by 35.8% in the second quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock valued at $54,000 after acquiring an additional 103 shares during the period. 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).