Swedbank AB Has $31.21 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Swedbank AB lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 9.3% during the second quarter, HoldingsChannel reports. The fund owned 226,298 shares of the technology company’s stock after selling 23,101 shares during the quarter. Swedbank AB’s holdings in Dell Technologies were worth $31,209,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DELL. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV grew its holdings in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the 1st quarter valued at $30,000. Central Bank & Trust Co. bought a new position in Dell Technologies during the 1st quarter valued at $34,000. Finally, EntryPoint Capital LLC boosted its holdings in Dell Technologies by 748.7% during the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 1.0 %

Shares of NYSE:DELL traded up $1.05 during midday trading on Friday, reaching $111.26. 11,612,221 shares of the company traded hands, compared to its average volume of 10,302,853. Dell Technologies Inc. has a 12 month low of $53.62 and a 12 month high of $179.70. The firm has a market capitalization of $78.92 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The firm’s fifty day moving average price is $126.26 and its two-hundred day moving average price is $120.17.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.60%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DELL shares. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. TD Cowen lifted their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Citigroup reduced their price objective on Dell Technologies from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Evercore ISI lowered their target price on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.06.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Company Profile

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).