Dell Technologies (NYSE:DELL) is trading 0.1% lower on insider selling

Dell Technologies logo The stock price of Dell Technologies Inc. (NYSE:DELL – Get Free Report) fell 0.1% during trading on Friday due to insider selling activity. The stock traded as low as $133.37 and last traded at $134.91. During trading, 3,185,018 shares traded, a decline of 65% from the average session volume of 9,162,896 shares. The stock previously closed at $135.02.

Specifically, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the CEO now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction that occurred on Monday, March 18. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the CEO now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 20. The shares were sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the sale, the CEO now owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The explanation of this sale can be found here. Insiders have sold 6,510,156 company shares worth $780,049,693 in the last 90 days. 46.70% of the shares are currently owned by industry insiders.

Wall Street analysts predict growth

Several equity research analysts have recently released reports on DELL stock. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Bank of America raised their target price on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29. Evercore ISI raised their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16. Barclays lowered their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. their target price on shares of Dell Technologies increased from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Read our latest analysis on DELL

Dell Technologies shares fell 0.1%

The stock has a market cap of $96.30 billion, a price-to-earnings ratio of 27.53, a price-to-earnings growth ratio of 1.63 and a beta of 0.85. The stock’s 50-day moving average price is $134.03 and its 200-day moving average price is $105.01.

Dividend announcement from Dell Technologies

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2. Shareholders of record on Tuesday, July 23 will receive a dividend of $0.445 per share. This represents a dividend of $1.78 annually and a dividend yield of 1.32%. The ex-dividend date is Tuesday, July 23. Dell Technologies’ dividend payout ratio currently stands at 36.33%.

Institutional trading of Dell technologies

A number of major investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in Dell Technologies shares by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the period. Cambridge Trust Co. increased its stake in Dell Technologies by 89.6% in the first quarter. Cambridge Trust Co. now owns 2,406 shares of the technology company worth $275,000, after acquiring an additional 1,137 shares in the last quarter. Cetera Advisors LLC grew its holdings in Dell Technologies by 259.3% in the first quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock worth $3,370,000 after acquiring an additional 21,312 shares in the last quarter. Cetera Investment Advisers grew its stake in Dell Technologies by 156.3% during the first quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock worth $9,433,000 after acquiring an additional 50,411 shares in the last quarter. Finally, PGGM Investments increased its interest in Dell Technologies by 5.7% in the first quarter. PGGM Investments now owns 62,481 shares of the technology company worth $7,130,000, after acquiring an additional 3,372 shares in the last quarter. 38.10% of the shares are held by hedge funds and other institutional investors.

About Dell Technologies

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Dell Technologies Inc designs, develops, manufactures, markets, markets and supports a variety of 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).

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