Dell Technologies (NYSE:DELL) Shares Down 0.5% Following Insider Selling

Dell Technologies Inc. (NYSE:DELLGet Free Report) dropped 0.5% on Wednesday following insider selling activity. The stock traded as low as $132.95 and last traded at $135.12. Approximately 6,289,080 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 8,819,622 shares. The stock had previously closed at $135.76.

Specifically, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares in the company, valued at $108,986,536.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,140,363 shares of company stock worth $567,496,872. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays decreased their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. Citigroup raised their price target on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. TD Cowen boosted their price objective on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company raised their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.81.

View Our Latest Stock Analysis on Dell Technologies

Dell Technologies Price Performance

The stock’s 50-day moving average is $132.93 and its 200 day moving average is $102.57. The stock has a market cap of $95.63 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.69 and a beta of 0.85.

Institutional Trading of Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC grew its holdings in shares of Dell Technologies by 0.9% in the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares during the period. BSW Wealth Partners increased its stake in Dell Technologies by 0.7% in the 1st quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 114 shares in the last quarter. Ascent Group LLC raised its holdings in Dell Technologies by 1.6% during the first quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock worth $892,000 after purchasing an additional 120 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after purchasing an additional 122 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

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).

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