Dell Technologies (NYSE:DELL) Shares Down 3.1% on Insider Selling

Dell Technologies Inc. (NYSE:DELLGet Free Report) dropped 3.1% on Thursday after an insider sold shares in the company. The stock traded as low as $132.45 and last traded at $133.43. Approximately 6,447,030 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 8,917,854 shares. The stock had previously closed at $137.66.

Specifically, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,140,363 shares of company stock worth $567,496,872. 46.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company upped their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Sanford C. Bernstein increased their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. TD Cowen raised their price objective on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Morgan Stanley increased their target price on Dell Technologies from $152.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, Bank of America increased their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Get Our Latest Analysis on DELL

Dell Technologies Stock Down 2.7 %

The stock has a market cap of $95.63 billion, a PE ratio of 27.34, a P/E/G ratio of 1.69 and a beta of 0.85. The company has a fifty day moving average price of $132.93 and a 200 day moving average price of $102.57.

Institutional Inflows and Outflows

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

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