Dell Inc. (NASDAQ:DELL) insider Rory P. Read sold 50,000 shares of Dell stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $54.03, for a total transaction of $2,701,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:DELL opened at $57.39 on Friday. The company has a market capitalization of $40.01 billion, a P/E ratio of 9.30 and a beta of 0.47. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $70.55. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. The business has a 50 day simple moving average of $53.89.
Dell (NASDAQ:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.30. The company had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current fiscal year.
Several analysts have recently weighed in on DELL shares. Deutsche Bank decreased their price target on shares of from GBX 295 ($3.85) to GBX 285 ($3.72) and set a “buy” rating for the company in a research note on Wednesday, June 19th. Credit Suisse Group lifted their price target on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. UBS Group lifted their price target on shares of Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley reduced their price objective on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Dell currently has an average rating of “Buy” and an average price target of $66.14.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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