Dell Technologies Inc. (NYSE:DELL - Get Free Report) General Counsel Richard J. Rothberg sold 93,954 shares of the firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Dell Technologies Trading Down 0.4 %
Shares of DELL stock opened at $123.25 on Thursday. The firm has a fifty day simple moving average of $104.18 and a 200-day simple moving average of $83.87. The company has a market capitalization of $87.97 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Dell Technologies Inc. has a twelve month low of $41.15 and a twelve month high of $136.16.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its 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. The business had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. Equities research analysts predict that Dell Technologies Inc. will post 6.58 EPS for the current year.
Dell Technologies Increases Dividend
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The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. Dell Technologies's dividend payout ratio (DPR) is presently 33.87%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in DELL. Rise Advisors LLC lifted its position in shares of Dell Technologies by 200.0% during the third quarter. Rise Advisors LLC now owns 357 shares of the technology company's stock worth $25,000 after purchasing an additional 238 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company's stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Finally, Brown Brothers Harriman & Co. bought a new position in Dell Technologies during the first quarter worth $27,000. 38.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on DELL shares. Barclays lifted their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st. UBS Group raised their price target on Dell Technologies from $99.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Sanford C. Bernstein upped their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. The Goldman Sachs Group raised their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.88.
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About Dell Technologies
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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).
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