Swedbank AB Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Swedbank AB increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 803.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,901,112 shares of the technology company’s stock after buying an additional 1,690,709 shares during the period. Swedbank AB’s holdings in Dell Technologies were worth $219,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DELL. Intrepid Financial Planning Group LLC grew its stake in Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co increased its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC raised its stake in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the last quarter. Affinity Wealth Management LLC lifted its holdings in shares of Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after purchasing an additional 87 shares in the last quarter. Finally, ASB Consultores LLC increased its holdings in Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Up 1.3 %

NYSE:DELL traded up $1.27 during trading hours on Wednesday, reaching $102.56. 1,394,124 shares of the company’s stock were exchanged, compared to its average volume of 8,119,097. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70. The company has a 50-day moving average of $119.43 and a 200 day moving average of $118.51. The firm has a market capitalization of $71.84 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 earnings per share. Research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).