Dell Technologies (NYSE:DELL) Trading Down 1.9% After Insider Selling

Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded down 1.9% during trading on Friday after an insider sold shares in the company. The company traded as low as $126.73 and last traded at $126.77. 1,240,222 shares changed hands during trading, a decline of 88% from the average session volume of 10,390,213 shares. The stock had previously closed at $129.18.

Specifically, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DELL shares. Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a "buy" rating and a $144.00 target price on the stock. TD Cowen cut their target price on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Finally, Fox Advisors raised shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $143.50.

Dell Technologies Stock Performance

The firm's 50-day moving average is $114.96 and its 200 day moving average is $125.45. The firm has a market capitalization of $89.76 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the firm earned $1.44 EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.41%. Dell Technologies's dividend payout ratio is presently 36.33%.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV raised its stake in 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 purchasing an additional 82 shares during the last quarter. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. acquired a new position in Dell Technologies in the 1st quarter valued at about $30,000. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter valued at about $33,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

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).