Dell Inc. (NYSE:DELL) Vice Chairman Sells $704,400.70 in Stock

Dell Inc. (NYSE:DELL) Vice Chairman Jeffrey W. Clarke sold 12,970 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.31, for a total transaction of $704,400.70.

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NYSE:DELL remained flat at $$54.31 during mid-day trading on Friday. 947,817 shares of the company were exchanged, compared to its average volume of 2,511,043. The business has a 50 day simple moving average of $51.51 and a 200-day simple moving average of $55.13. The stock has a market capitalization of $39.44 billion, a PE ratio of 3.99, a PEG ratio of 0.63 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 14.85. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $70.55.

Dell (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.69. The business had revenue of $23.37 billion for the quarter, compared to analysts’ expectations of $23.32 billion. Dell had a net margin of 3.06% and a return on equity of 136.69%. Dell’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts expect that Dell Inc. will post 7.18 earnings per share for the current fiscal year.

Several brokerages have recently commented on DELL. Wells Fargo & Co set a $68.00 target price on shares of Dell and gave the stock a “buy” rating in a report on Friday, August 30th. Raymond James raised their target price on shares of Dell from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. UBS Group raised their target price on shares of Dell from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Zacks Investment Research cut shares of Dell from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Credit Suisse Group raised their target price on shares of Dell from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.76.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reynders McVeigh Capital Management LLC grew its stake in shares of Dell by 5.7% during the second quarter. Reynders McVeigh Capital Management LLC now owns 4,654 shares of the technology company’s stock worth $236,000 after buying an additional 253 shares during the last quarter. Enterprise Trust & Investment Co bought a new stake in shares of Dell during the second quarter worth $303,000. Boston Advisors LLC bought a new stake in shares of Dell during the second quarter worth $1,949,000. Investec Asset Management PTY Ltd grew its stake in shares of Dell by 666.5% during the second quarter. Investec Asset Management PTY Ltd now owns 22,965 shares of the technology company’s stock worth $1,179,000 after buying an additional 19,969 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Dell by 64.7% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 199,058 shares of the technology company’s stock worth $10,112,000 after buying an additional 78,200 shares during the last quarter. 20.98% of the stock is currently owned by hedge funds and other institutional investors.

Dell Company Profile

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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