V (Gp) L.L.C. Slta Sells 1,019,203 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $110.06, for a total transaction of $112,173,482.18. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at $58,971,908.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.

V (Gp) L.L.C. Slta also recently made the following trade(s):

  • On Tuesday, March 19th, V (Gp) L.L.C. Slta sold 560,052 shares of Dell Technologies stock. The shares were sold at an average price of $107.95, for a total transaction of $60,457,613.40.
  • On Friday, March 15th, V (Gp) L.L.C. Slta sold 720,112 shares of Dell Technologies stock. The stock was sold at an average price of $107.54, for a total value of $77,440,844.48.
  • On Wednesday, March 13th, V (Gp) L.L.C. Slta sold 77,070 shares of Dell Technologies stock. The stock was sold at an average price of $110.17, for a total value of $8,490,801.90.
  • On Monday, March 4th, V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00.

Dell Technologies Stock Performance

Dell Technologies stock opened at $112.24 on Friday. Dell Technologies Inc. has a fifty-two week low of $36.81 and a fifty-two week high of $131.06. The stock has a fifty day moving average of $94.09 and a two-hundred day moving average of $79.27. The company has a market capitalization of $79.87 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.44 and a beta of 0.91.

Dell Technologies (NYSE:DELLGet Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 165.52%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TD Cowen raised their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. UBS Group increased their target price on Dell Technologies from $99.00 to $113.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Evercore ISI lifted their price target on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.88.

Check Out Our Latest Stock Analysis on Dell Technologies

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $25,000. Anchor Investment Management LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Rise Advisors LLC increased its position in 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. Pinnacle Bancorp Inc. raised its stake in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after purchasing an additional 400 shares during the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).

See Also

Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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