Dell Technologies (NYSE:DELL) Trading Down 8.5% on Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price was down 8.5% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $104.33 and last traded at $104.10. Approximately 5,975,860 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 7,346,745 shares. The stock had previously closed at $113.73.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DELL. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup decreased their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Price Performance

The firm has a 50 day moving average of $120.76 and a two-hundred day moving average of $119.04. The stock has a market cap of $72.75 billion, a PE ratio of 18.35, a PEG ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Dell Technologies in the 2nd quarter valued at $470,000. Toronto Dominion Bank raised its holdings in shares of Dell Technologies by 10.1% in the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after buying an additional 2,340 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Dell Technologies by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after buying an additional 1,902 shares during the period. Creative Planning grew its holdings in shares of Dell Technologies by 112.0% during the second quarter. Creative Planning now owns 84,744 shares of the technology company’s stock worth $11,687,000 after buying an additional 44,763 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter valued at about $33,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

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).