Dell Technologies Inc. (NYSE:DELL) COO Anthony Charles Whitten Sells 15,983 Shares

Dell Technologies Inc. (NYSE:DELL – Get Rating) COO Anthony Charles Whitten sold 15,983 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $36.49, for a total value of $583,219.67. Following the completion of the sale, the chief operating officer now owns 841,207 shares of the company’s stock, valued at approximately $30,695,643.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dell Technologies Trading Down 2.2 %

Dell Technologies stock opened at $37.22 on Friday. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.74 and a beta of 1.03. The stock has a fifty day simple moving average of $40.57 and a two-hundred day simple moving average of $39.60. Dell Technologies Inc. has a 12 month low of $32.90 and a 12 month high of $55.30.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Tuesday, April 25th will be issued a $0.37 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, April 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.98%. Dell Technologies’s dividend payout ratio (DPR) is presently 40.99%.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Dell Technologies by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock worth $706,000 after acquiring an additional 2,117 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Dell Technologies in the first quarter worth $304,000. MetLife Investment Management LLC bought a new stake in shares of Dell Technologies in the first quarter worth $568,000. Rhumbline Advisers grew its holdings in shares of Dell Technologies by 2.0% in the first quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock worth $12,762,000 after acquiring an additional 4,949 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of Dell Technologies by 5.2% in the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after acquiring an additional 302 shares during the period. Institutional investors own 26.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Credit Suisse Group restated an “outperform” rating and issued a $50.00 target price on shares of Dell Technologies in a research note on Monday, March 6th. UBS Group lowered their target price on Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, November 22nd. Sanford C. Bernstein lowered their target price on Dell Technologies from $60.00 to $51.00 in a research note on Friday, March 3rd. Morgan Stanley lowered their target price on Dell Technologies from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.50.

Dell Technologies Company Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.