Dell Inc. (NASDAQ:DELL) Insider Sells $2,701,500.00 in Stock

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.

A number of large investors have recently modified their holdings of DELL. McIlrath & Eck LLC purchased a new position in Dell in the first quarter worth $37,000. Stratos Wealth Partners LTD. purchased a new position in Dell in the first quarter worth $299,000. First Bank & Trust grew its holdings in Dell by 127.7% in the first quarter. First Bank & Trust now owns 4,421 shares of the technology company’s stock worth $259,000 after purchasing an additional 2,479 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new position in Dell in the first quarter worth $781,000. Finally, Bank of America Corp DE purchased a new position in Dell in the fourth quarter worth $35,419,000. 22.92% of the stock is owned by institutional investors.

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.

About Dell

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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Insider Buying and Selling by Quarter for Dell (NASDAQ:DELL)

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