Richard J. Rothberg Sells 63,653 Shares of Dell Inc. (NYSE:DELL) Stock
Dell Inc. (NYSE:DELL) General Counsel Richard J. Rothberg sold 63,653 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $70.78, for a total value of $4,505,359.34. Following the completion of the sale, the general counsel now owns 222,431 shares of the company’s stock, valued at approximately $15,743,666.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Dell stock opened at $70.15 on Friday. The stock has a 50 day moving average of $66.77 and a 200 day moving average of $53.93. Dell Inc. has a 12 month low of $25.51 and a 12 month high of $71.45. The firm has a market cap of $52.38 billion, a PE ratio of 25.42, a PEG ratio of 1.06 and a beta of 0.89. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 9.57.
Dell (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 27th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.54. The business had revenue of $22.78 billion during the quarter, compared to analyst estimates of $22.50 billion. Dell had a return on equity of 129.04% and a net margin of 2.28%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $2.15 EPS. As a group, equities research analysts forecast that Dell Inc. will post 5.44 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Carroll Financial Associates Inc. lifted its stake in shares of Dell by 37.3% in the 3rd quarter. Carroll Financial Associates Inc. now owns 736 shares of the technology company’s stock valued at $49,000 after purchasing an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in Dell by 24.8% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,248 shares of the technology company’s stock worth $69,000 after purchasing an additional 248 shares during the period. Verus Capital Partners LLC increased its holdings in Dell by 42.1% during the 1st quarter. Verus Capital Partners LLC now owns 941 shares of the technology company’s stock worth $37,000 after purchasing an additional 279 shares during the period. Canada Pension Plan Investment Board increased its holdings in Dell by 154.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 544 shares of the technology company’s stock worth $30,000 after purchasing an additional 330 shares during the period. Finally, Hexavest Inc. purchased a new position in Dell during the 3rd quarter worth $25,000. 25.70% of the stock is owned by institutional investors and hedge funds.
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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