V (Gp) L.L.C. Slta Sells 103,745 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dell Technologies Stock Performance

DELL stock opened at $116.81 on Wednesday. The stock has a market capitalization of $82.05 billion, a P/E ratio of 20.63, a PEG ratio of 1.30 and a beta of 0.90. Dell Technologies Inc. has a one year low of $68.49 and a one year high of $179.70. The company has a 50 day moving average price of $128.00 and a two-hundred day moving average price of $125.72.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.52%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company raised their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Clean Yield Group acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $28,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).