Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 73.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 869 shares of the technology company’s stock after purchasing an additional 369 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dell Technologies were worth $66,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Partners LLC increased its holdings in Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after purchasing an additional 140 shares during the period. Signet Financial Management LLC boosted its position in shares of Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after purchasing an additional 153 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Dell Technologies by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock worth $270,000 after purchasing an additional 188 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Finally, JT Stratford LLC boosted its position in shares of Dell Technologies by 1.0% in the 3rd quarter. JT Stratford LLC now owns 19,959 shares of the technology company’s stock worth $1,375,000 after purchasing an additional 190 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now directly owns 36,389,719 shares in the company, valued at approximately $3,894,791,624.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the completion of the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last ninety days. Insiders own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DELL shares. UBS Group lifted their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted their price objective on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. The Goldman Sachs Group boosted their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. Morgan Stanley boosted their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Wells Fargo & Company lifted their price target on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.63.

Dell Technologies Trading Down 3.0 %

NYSE:DELL opened at $114.85 on Friday. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16. The stock has a 50 day moving average of $108.95 and a two-hundred day moving average of $86.22. The firm has a market cap of $81.98 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is currently 33.87%.

Dell Technologies 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).