Insider Selling: Dell Inc. (NYSE:DELL) Vice Chairman Sells 12,970 Shares of Stock

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

Shares of Dell stock opened at $55.43 on Wednesday. The company has a debt-to-equity ratio of 14.85, a quick ratio of 0.68 and a current ratio of 0.75. The company has a 50-day simple moving average of $51.67 and a two-hundred day simple moving average of $55.00. Dell Inc. has a 52-week low of $42.02 and a 52-week high of $70.55. The stock has a market capitalization of $39.36 billion, a PE ratio of 4.08, a price-to-earnings-growth ratio of 0.63 and a beta of 0.94.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its holdings in shares of Dell by 83.4% during the third quarter. Catalyst Capital Advisors LLC now owns 552 shares of the technology company’s stock valued at $29,000 after purchasing an additional 251 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of Dell during the second quarter valued at approximately $31,000. Carroll Financial Associates Inc. raised its holdings in shares of Dell by 171.4% during the second quarter. Carroll Financial Associates Inc. now owns 635 shares of the technology company’s stock valued at $32,000 after purchasing an additional 401 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of Dell during the second quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of Dell by 379.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 758 shares of the technology company’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. 20.85% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on DELL shares. Evercore ISI set a $63.00 price objective on shares of Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. set a $72.00 price objective on shares of Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup dropped their price objective on shares of Dell from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Zacks Investment Research lowered shares of Dell from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Co set a $68.00 price objective on shares of Dell and gave the stock a “buy” rating in a research note on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Dell currently has a consensus rating of “Buy” and a consensus price target of $60.76.

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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