Radakovich Lynn Vojvodich Sells 725 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dell Technologies Stock Down 2.0 %

DELL stock opened at $126.54 on Friday. The firm has a market cap of $89.76 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.29 and a beta of 0.90. The company’s fifty day simple moving average is $114.96 and its 200 day simple moving average is $125.45. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate 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 negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS. Research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid 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 currently 36.33%.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Morgan Stanley reduced their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays boosted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Finally, Mizuho initiated coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $253,000. Fisher Asset Management LLC increased its holdings in shares of Dell Technologies by 2,518.7% during the fourth quarter. Fisher Asset Management LLC now owns 2,802 shares of the technology company’s stock valued at $214,000 after acquiring an additional 2,695 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after acquiring an additional 647,192 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dell Technologies by 100.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 26,485 shares of the technology company’s stock worth $2,026,000 after purchasing an additional 13,260 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Dell Technologies by 0.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,284 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 216 shares during the period. 38.10% of the stock is owned by 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).