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

Dell Technologies Inc. (NYSE:DELL) recently saw its Chief Financial Officer, Yvonne Mcgill, engaged in the sale of 8,000 shares of the company's stock. This transaction took place on Friday, November 22nd, at an average selling price of $143.24 per share, culminating in a total sale amount of $1,145,920.00. Following this sale, Mcgill now directly owns 236,419 shares of Dell Technologies, with a total value estimated at approximately $33,864,657.56. It’s important to note that this transaction reflects a 3.27% reduction in her overall stock holdings. Details regarding this sale have been disclosed in a document filed with the Securities and Exchange Commission (SEC), accessible through their website.

Stock Performance Overview

In recent trading sessions, Dell Technologies shares experienced a decline of 1.7%. On Tuesday, shares decreased by $2.42, bringing the price down to $141.74. During this trading day, approximately 8,998,771 shares were exchanged, slightly below the average daily trading volume of 10,003,826 shares. Over the past twelve months, Dell's stock has fluctuated significantly, with a low of $67.51 and a high of $179.70. The company’s fifty-day moving average is currently $126.42 while the two-hundred day moving average stands at $126.91. Furthermore, Dell Technologies holds a market capitalization of $99.56 billion, with a price-to-earnings (P/E) ratio of 26.39 and a P/E/G ratio of 1.52. The stock has a beta of 0.89, indicating a lower volatility compared to the overall market.

Earnings Report Insights

Dell Technologies disclosed its latest earnings results on November 26th. The company reported earnings of $2.15 per share (EPS) for the quarter, surpassing analyst expectations which averaged $1.83 by $0.32. During the quarter, the firm recorded a net margin of 4.32% and a staggering negative return on equity of 178.09%. Revenue figures came to $24.37 billion, however, this was below analyst estimates of $24.67 billion. When contrasted with the same quarter from the previous year, Dell Technologies' revenue showed a 9.5% increase. Analysts currently forecast an average EPS of 6.91 for the current fiscal year.

Dividend Update

Aside from the insider trading activity, Dell Technologies also announced a quarterly dividend, which was distributed to shareholders on November 1st. A dividend of $0.445 per share was issued to stockholders of record as of October 22nd, resulting in an annualized dividend of $1.78 and a yield of 1.26%. The ex-dividend date was also on October 22nd, and the payout ratio for Dell Technologies is reported to be 32.72%.

Analyst Ratings and Recommendations

Recently, various financial analysts have shared their insights on Dell Technologies' stock. Mizuho initiated coverage of Dell shares with an "outperform" rating and set a price target of $135.00 on September 17th. In a separate report by UBS Group on August 30th, the target price was reduced from $164.00 to $158.00 while maintaining a "buy" rating. Deutsche Bank also began coverage, issuing a buy rating with a target price of $144.00. Similarly, Citigroup increased their price objective on shares from $155.00 to $160.00. Wells Fargo & Company lifted their target price from $140.00 to $160.00 on November 18th. Currently, the consensus shows three analysts rating the stock as a hold, while fourteen have given it a buy recommendation, leading to an average rating of "Moderate Buy" and a target price expectation of $146.50.

Institutional Investor Changes

Several hedge funds and institutional investors have recently modified their investments in Dell Technologies. The National Pension Service increased its stake by 8.8% in the third quarter, owning a total of 620,406 shares valued at $73,543,000 after adding 50,304 shares. Additionally, Woodmont Investment Counsel LLC and Harvey Capital Management Inc. have established new stakes in the company worth $5,780,000 and $2,848,000, respectively. Chicago Capital LLC also raised its position by 3.7%, now holding 121,466 shares valued at $14,399,000. Tidal Investments LLC increased its shareholdings by 114.2% in the first quarter, ultimately holding 10,188 shares valued at $1,163,000. Overall, institutional ownership accounts for 38.10% of Dell Technologies' stock.

Overview of Dell Technologies

Dell Technologies Inc. specializes in the design, development, manufacturing, marketing, selling, and support of a wide range of comprehensive integrated solutions, products, and services. The company operates globally, with its services split between the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

Insider, Selling, Shares