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

Dell Technologies Inc. (NYSE:DELL) Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Monday, December 16th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00.
• On Friday, November 15th, Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00.

Dell Technologies Stock Down 0.5 %

NYSE:DELL opened at $113.66 on Friday. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The stock has a fifty day simple moving average of $121.12 and a 200-day simple moving average of $119.63. The company has a market capitalization of $79.61 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company 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 191.91%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current 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 given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Citigroup cut their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC boosted its position in Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after acquiring an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC grew its stake in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. 76.37% 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).