William F. Scannell Sells 91938 Shares of Dell Technologies Inc … – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Dell Technologies Inc. (NYSE:DELL – Get Rating) insider William F. Scannell sold 91,938 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $42.62, for a total transaction of $3,918,397.56. Following the completion of the transaction, the insider now owns 178,627 shares of the company’s stock, valued at approximately $7,613,082.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Dell Technologies Stock Performance
NYSE DELL traded down $0.13 on Friday, reaching $39.25. The company had a trading volume of 4,645,880 shares, compared to its average volume of 3,893,893. The firm has a market capitalization of $28.11 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. Dell Technologies Inc. has a 1-year low of $32.90 and a 1-year high of $61.54. The company’s fifty day moving average is $39.89 and its 200-day moving average is $42.32.
Dell Technologies (NYSE:DELL – Get Rating) last announced its earnings results on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.69. The firm had revenue of $24.72 million during the quarter, compared to analyst estimates of $24.61 billion. Dell Technologies had a net margin of 1.74% and a negative return on equity of 208.47%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.46 earnings per share for the current year.
Dell Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Wednesday, January 25th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, January 24th. Dell Technologies’s payout ratio is presently 55.46%.
Institutional Investors Weigh In On Dell Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in Dell Technologies during the 1st quarter worth about $27,000. Centerpoint Advisors LLC lifted its position in Dell Technologies by 307.5% during the 2nd quarter. Centerpoint Advisors LLC now owns 599 shares of the technology company’s stock worth $28,000 after buying an additional 452 shares in the last quarter. Tcwp LLC bought a new stake in Dell Technologies during the 1st quarter worth about $35,000. Private Trust Co. NA bought a new stake in Dell Technologies during the 2nd quarter worth about $33,000. Finally, Ellevest Inc. lifted its position in Dell Technologies by 156.2% during the 3rd quarter. Ellevest Inc. now owns 802 shares of the technology company’s stock worth $27,000 after buying an additional 489 shares in the last quarter. 26.53% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
DELL has been the subject of several research analyst reports. Cowen dropped their price objective on shares of Dell Technologies from $58.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, August 26th. Credit Suisse Group dropped their price objective on shares of Dell Technologies from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Tuesday, November 22nd. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $52.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, August 26th. Citigroup lowered their target price on shares of Dell Technologies from $60.00 to $55.00 and set a “buy” rating for the company in a report on Friday, November 18th. Finally, Barclays lowered their target price on shares of Dell Technologies from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Tuesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.38.
Dell Technologies Company Profile
(Get Rating)
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
- Get a free copy of the StockNews.com research report on Dell Technologies (DELL)
- Which Two Bluechip Tech Companies Have Raised Their Guidance?
- Should You Worry About Elon Musk Selling His Tesla Shares?
- Can Tractor Supply Stock Surge Past Cup-With-Handle Buy Point?
- This is no Time to Buy Lennar but the Time is Coming
- Game-Changing News For Mullen Automotive
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dell Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Dell Technologies wasn’t on the list.
While Dell Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.