Swedbank AB Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Swedbank AB lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,403 shares of the technology company’s stock after selling 15,895 shares during the period. Swedbank AB’s holdings in Dell Technologies were worth $24,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its position in shares of Dell Technologies by 159.2% during the third quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after purchasing an additional 26,086 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Dell Technologies by 16.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 6,538 shares of the technology company’s stock valued at $775,000 after buying an additional 942 shares in the last quarter. Waddell & Associates LLC boosted its holdings in Dell Technologies by 13.7% in the third quarter. Waddell & Associates LLC now owns 4,164 shares of the technology company’s stock worth $494,000 after acquiring an additional 502 shares in the last quarter. Camden National Bank grew its stake in shares of Dell Technologies by 11.1% during the third quarter. Camden National Bank now owns 1,726 shares of the technology company’s stock worth $205,000 after acquiring an additional 172 shares during the last quarter. Finally, GM Advisory Group LLC acquired a new position in shares of Dell Technologies during the third quarter valued at about $364,000. 38.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group cut their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Dell Technologies Stock Performance

DELL stock opened at $144.16 on Tuesday. The firm’s fifty day moving average is $126.42 and its 200 day moving average is $126.91. The firm has a market cap of $101.26 billion, a PE ratio of 26.50, a P/E/G ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 EPS. Research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,954,112 shares of company stock valued at $2,113,449,139. 46.70% of the stock is owned by company insiders.

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).