Dell Technologies Inc. (NYSE:DELL) Director David W. Dorman Sells 75,000 Shares

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $7.03 on Monday, reaching $142.01. 26,884,824 shares of the company’s stock were exchanged, compared to its average volume of 9,400,125. The company has a market capitalization of $101.37 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. Dell Technologies Inc. has a 52 week low of $48.74 and a 52 week high of $179.70. The firm’s 50-day moving average is $134.03 and its two-hundred day moving average is $105.43.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DELL. Morgan Stanley reissued an “overweight” rating and issued a $155.00 price target on shares of Dell Technologies in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Evercore ISI upped their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Citigroup lifted their price objective on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Loop Capital boosted their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Check Out Our Latest Stock Report on Dell Technologies

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Boston Partners lifted its holdings in Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares during the period. FMR LLC boosted its position in Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after purchasing an additional 3,499,760 shares during the last quarter. Capital World Investors purchased a new stake in shares of Dell Technologies during the 1st quarter valued at $835,946,000. Finally, Morgan Stanley raised its stake in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the period. 38.10% of the stock is owned by institutional investors.

Dell Technologies Company Profile

(Get Free Report)

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).

See Also

Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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