Yvonne Mcgill Sells 8,000 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $114.29 on Monday. The firm has a fifty day moving average price of $91.82 and a 200-day moving average price of $108.43. The stock has a market cap of $79.75 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. Dell Technologies’s dividend payout ratio is 33.76%.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC increased its stake in shares of Dell Technologies by 167.6% in the first quarter. McIlrath & Eck LLC now owns 883 shares of the technology company’s stock worth $80,000 after purchasing an additional 553 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Dell Technologies in the first quarter worth $288,000. United Services Automobile Association bought a new position in shares of Dell Technologies during the first quarter worth $618,000. Clearline Capital LP boosted its position in shares of Dell Technologies by 288.3% during the first quarter. Clearline Capital LP now owns 154,013 shares of the technology company’s stock worth $14,038,000 after acquiring an additional 114,347 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of Dell Technologies during the first quarter worth $363,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup boosted their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

About Dell Technologies

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).