Maya Mcreynolds Sells 3,099 Shares of Dell Inc. (NASDAQ:DELL) Stock

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Dell Inc. (NASDAQ:DELL) insider Maya Mcreynolds sold 3,099 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $55.00, for a total value of $170,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ DELL opened at $57.39 on Friday. Dell Inc. has a fifty-two week low of $42.02 and a fifty-two week high of $70.55. The company’s 50-day moving average is $53.89. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $40.01 billion, a PE ratio of 9.30 and a beta of 0.47.

Dell (NASDAQ:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.30. Dell had a negative net margin of 2.84% and a positive return on equity of 31.57%. The business had revenue of $21.91 billion for the quarter, compared to analysts’ expectations of $22.24 billion. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Dell Inc. will post 6.23 EPS for the current year.

DELL has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of in a research note on Tuesday, June 25th. Morgan Stanley cut their price objective on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. Citigroup cut shares of First Quantum Minerals from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$18.00 to C$13.00 in a research note on Tuesday, May 21st. UBS Group lifted their price objective 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. Finally, Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $66.14.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elliott Management Corp acquired a new position in Dell during the fourth quarter worth about $323,846,000. Canyon Capital Advisors LLC acquired a new position in Dell during the fourth quarter worth about $211,391,000. BlackRock Inc. grew its holdings in Dell by 49.3% during the first quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock worth $766,504,000 after acquiring an additional 4,314,243 shares during the period. Geode Capital Management LLC acquired a new position in Dell during the fourth quarter worth about $88,862,000. Finally, FMR LLC acquired a new position in Dell during the fourth quarter worth about $76,945,000. Institutional investors and hedge funds own 22.92% of the company’s stock.

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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