Insider Selling: Dell Technologies Inc. (NYSE:DELL) CEO Sells 1,340,823 Shares of Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) CEO Michael S. Dell sold 1,340,823 shares of Dell Technologies stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.67, for a total transaction of $179,227,810.41. Following the transaction, the chief executive officer now directly owns 28,931,999 shares of the company’s stock, valued at $3,867,340,306.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $132.56 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $47.62 and a fifty-two week high of $179.70. The firm has a market capitalization of $94.62 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.61 and a beta of 0.85. The company’s 50 day simple moving average is $133.50 and its 200 day simple moving average is $103.78.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Loop Capital lifted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company lifted their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Sanford C. Bernstein increased their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. TD Cowen lifted their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Finally, Morgan Stanley increased their price objective on shares of Dell Technologies from $152.00 to $155.00 and gave the stock an “overweight” rating in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Check Out Our Latest Analysis on Dell Technologies

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Jones Financial Companies Lllp bought a new stake in Dell Technologies in the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV raised 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 valued at $25,000 after acquiring an additional 82 shares during the period. Anchor Investment Management LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. increased its stake in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter worth $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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

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