Dell Technologies Inc. (NYSE:DELL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Dell Technologies Inc. (NYSE:DELL) by 5.3% in the first quarter, HoldingsChannel reports. The firm owned 174,317 shares of the technology company’s stock after selling 9,674 shares during the period. Handelsbanken Fonder AB’s holdings in Dell Technologies were worth $15,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI increased its stake in shares of Dell Technologies by 5.2% in the first quarter. Parsons Capital Management Inc. RI now owns 20,990 shares of the technology company’s stock worth $1,913,000 after acquiring an additional 1,037 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in shares of Dell Technologies by 27.7% in the first quarter. Fiduciary Financial Group LLC now owns 3,320 shares of the technology company’s stock worth $303,000 after acquiring an additional 720 shares during the last quarter. West Paces Advisors Inc. increased its stake in shares of Dell Technologies by 6.4% in the first quarter. West Paces Advisors Inc. now owns 4,617 shares of the technology company’s stock worth $421,000 after acquiring an additional 279 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Dell Technologies by 94.8% in the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock worth $539,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock worth $238,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DELL. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Morgan Stanley upped their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Raymond James upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Dell Technologies Stock Performance

Shares of DELL opened at $111.25 on Thursday. The company has a 50-day simple moving average of $98.68 and a 200-day simple moving average of $105.94. The firm has a market capitalization of $77.63 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 8,722 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $114.12, for a total value of $995,354.64. Following the completion of the transaction, the director now owns 877,339 shares of the company’s stock, valued at $100,121,926.68. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 851,905 shares of company stock valued at $97,155,665. Insiders own 42.00% of the company’s stock.

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).