Livforsakringsbolaget Skandia Omsesidigt Acquires 369 Shares of Dell Technologies Inc. (NYSE:DELL)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 73.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 869 shares of the technology company’s stock after purchasing an additional 369 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dell Technologies were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC lifted its position in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares during the last quarter. Signet Financial Management LLC lifted its position in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after buying an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Dell Technologies by 5.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock valued at $270,000 after buying an additional 188 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the last quarter. Finally, JT Stratford LLC lifted its holdings in Dell Technologies by 1.0% during 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. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DELL shares. Wells Fargo & Company increased their price objective on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Sanford C. Bernstein increased their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. UBS Group increased their price objective on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley increased their price objective on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Stock Down 3.0 %

NYSE DELL opened at $114.85 on Friday. Dell Technologies Inc. has a twelve month low of $41.47 and a twelve month high of $136.16. The firm has a market capitalization of $81.98 billion, a PE ratio of 26.28, a P/E/G ratio of 1.50 and a beta of 0.92. The stock’s 50 day moving average is $108.95 and its 200 day moving average is $86.22.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue was down 10.9% on a year-over-year basis. On average, research analysts anticipate 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. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.55%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is 33.87%.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the completion of the sale, the chief executive officer now directly owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is currently owned by corporate 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).