Insider Selling: Dell Technologies Inc. (NYSE:DELL) CFO Sells $1,145,920.00 in Stock

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $124.38 on Friday. The company has a market capitalization of $87.36 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89. The firm’s 50 day simple moving average is $127.21 and its 200 day simple moving average is $126.94. Dell Technologies Inc. has a fifty-two week low of $67.51 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 analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen lowered their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. UBS Group decreased their price objective 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. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

Institutional Trading of Dell Technologies

Hedge funds have recently bought and sold shares of the stock. Clean Yield Group acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $30,000. True Wealth Design LLC grew its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).