Dell Technologies Inc. (NYSE:DELL) CEO Sells $22,604,422.20 in Stock

Dell Technologies Inc. (NYSE:DELL) CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dell Technologies Stock Performance

Shares of DELL traded up $0.75 during trading hours on Tuesday, hitting $106.64. 9,237,804 shares of the company were exchanged, compared to its average volume of 10,425,965. The company has a market cap of $75.64 billion, a PE ratio of 21.76, a PEG ratio of 1.08 and a beta of 0.90. The firm’s 50 day moving average is $116.50 and its 200-day moving average is $123.78. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 earnings per share. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Dell Technologies during the second quarter worth $4,567,000. NCP Inc. acquired a new position in shares of Dell Technologies during the second quarter valued at about $1,269,000. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Dell Technologies by 478.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 1,735 shares of the technology company’s stock valued at $239,000 after buying an additional 1,435 shares during the period. Kestra Investment Management LLC acquired a new stake in Dell Technologies during the second quarter worth about $592,000. Finally, Clearbridge Investments LLC increased its stake in Dell Technologies by 7.6% during the second quarter. Clearbridge Investments LLC now owns 256,325 shares of the technology company’s stock valued at $35,350,000 after acquiring an additional 18,130 shares during the period. 38.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DELL shares. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Raymond James reduced their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Susquehanna began coverage on Dell Technologies in a research note on Tuesday. They issued a “neutral” rating and a $120.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $135.75.

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).