Insider Selling: Dell Technologies Inc. CFO Sells 8,000 Shares

Dell Technologies Inc. (NYSE:DELL) witnessed a significant insider transaction as CFO Yvonne Mcgill sold 8,000 shares of the company's stock on November 22nd. This sale took place at an average price of $143.24 per share, amounting to a total value of $1,145,920.00. As a result of this transaction, Mcgill's direct ownership in Dell now stands at 236,419 shares, which are currently valued at around $33,864,657.56. It’s important to note that this sale reflects a 3.27% reduction in her stake in the company. Details of the transaction have been filed with the Securities and Exchange Commission (SEC) and can be reviewed in official filings.

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Dell Technologies Stock Movement

In recent trading, shares of Dell Technologies dipped by 1.7%, falling by $2.42 to reach $141.74. The trading volume during this period was 8,998,771 shares, which is slightly below the company’s average volume of 10,003,826 shares. Over the past year, Dell Technologies has experienced considerable fluctuations in its stock price, ranging from a low of $67.51 to a high of $179.70. Presently, the stock's fifty-day moving average stands at $126.42, while the two-hundred day moving average is at $126.91. The company's market capitalization is reported at $99.56 billion, and it has an earnings price ratio of 26.39 with a P/E/G ratio of 1.52. Dell Technologies also carries a beta of 0.89, showcasing less volatility compared to the broader market.

Earnings Results and Financial Overview

Dell Technologies recently announced their earnings results on November 26th. The company reported earnings of $2.15 per share (EPS) for the quarter, surpassing analysts' expectations of $1.83 by $0.32. The net margin for the company was recorded at 4.32%, though it faced a negative return on equity of 178.09%. Revenue during this quarter totaled $24.37 billion, slightly missing analyst projections of $24.67 billion. However, the revenue figure still shows a year-over-year increase of 9.5% compared to the same quarter last year. Looking ahead, analysts predict that Dell Technologies is set to achieve an EPS of 6.91 for the current year.

Dividend Announcement

Additionally, Dell Technologies revealed a recent quarterly dividend that was paid out on November 1st. Shareholders who were on record as of October 22nd received a dividend of $0.445 per share. This amount translates to an annualized dividend of $1.78, yielding a dividend yield of 1.26%. The ex-dividend date was also set for October 22nd, and the company's dividend payout ratio is reported at 32.72%.

Analysts Ratings and Price Targets

Research institutions have recently shared their insights on Dell Technologies, with various ratings updates. Mizuho began coverage on DELL stock, providing an "outperform" rating with a price target of $135.00. UBS downgraded its price target from $164.00 to $158.00 while maintaining a "buy" rating. Deutsche Bank also initiated coverage with a "buy" rating and set a price objective of $144.00. Meanwhile, Citigroup raised its price target from $155.00 to $160.00 and maintained a "buy" rating. Wells Fargo increased its price objective from $140.00 to $160.00, again rating the company as "overweight." Currently, a consensus among 14 analysts shows a predominant "buy" rating for the stock, with an average target price of $146.50.

Hedge Fund Activities and Institutional Investments

Recent activity among hedge funds and other institutional investors reveals a notable change in their holdings of Dell Technologies. For example, the National Pension Service increased its stake in Dell by 8.8% in the third quarter, now holding 620,406 shares valued at approximately $73,543,000 after acquiring an additional 50,304 shares. Woodmont Investment Counsel purchased new shares worth about $5,780,000, while Harvey Capital Management added a new stake valued at approximately $2,848,000. Chicago Capital also boosted its holdings by 3.7%, owning 121,466 shares valued at $14,399,000 after acquiring further shares. Overall, institutional investors hold roughly 38.10% of Dell Technologies' stock.

About Dell Technologies

Dell Technologies Inc. is actively engaged in designing, developing, manufacturing, marketing, selling, and supporting a variety of comprehensive integrated solutions, products, and services globally. The organization operates primarily through two segments: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

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