Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Iv (Gp) L.L.C. Slta also recently made the following trade(s):
- On Tuesday, January 16th, Iv (Gp) L.L.C. Slta sold 3,179,972 shares of Dell Technologies stock. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32.
- On Friday, January 12th, Iv (Gp) L.L.C. Slta sold 239,112 shares of Dell Technologies stock. The shares were sold at an average price of $79.43, for a total transaction of $18,992,666.16.
Dell Technologies Stock Up 4.3 %
DELL stock opened at $132.69 on Friday. The stock has a market capitalization of $94.71 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Dell Technologies Inc. has a 52-week low of $39.90 and a 52-week high of $136.16. The stock's fifty day simple moving average is $100.75 and its 200-day simple moving average is $82.18.
AI finds its first serious application
From Wall Street Star | Ad
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing.
Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Click here to learn more about the booming eHealth industry
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company earned $1.55 EPS. The firm's quarterly revenue was down 10.9% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.
Dell Technologies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a yield of 1.34%. Dell Technologies's dividend payout ratio is 33.87%.
Analyst Ratings Changes
DELL has been the topic of a number of research reports. UBS Group upped their price target on Dell Technologies from $99.00 to $113.00 and gave the stock a "buy" rating in a report on Friday, March 1st. TD Cowen raised their price target on Dell Technologies from $75.00 to $105.00 and gave the company a "market perform" rating in a research report on Friday, March 1st. Morgan Stanley boosted their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Finally, Evercore ISI upped their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $102.88.
View Our Latest Stock Analysis on DELL
Hedge Funds Weigh In On Dell Technologies
Large investors have recently bought and sold shares of the stock. Greenleaf Trust increased its holdings in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company's stock worth $772,000 after buying an additional 122 shares during the last quarter. Wellington Management Group LLP increased its stake in Dell Technologies by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 9,826 shares of the technology company's stock worth $752,000 after acquiring an additional 125 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company's stock worth $67,000 after purchasing an additional 140 shares during the period. Eaton Financial Holdings Company LLC lifted its stake in shares of Dell Technologies by 2.1% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company's stock valued at $535,000 after purchasing an additional 147 shares in the last quarter. Finally, Signet Financial Management LLC grew its holdings in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company's stock worth $3,083,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 38.10% of the company's stock.
Dell Technologies Company Profile
(
Get Free Report)
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).
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
