Swedbank AB Has $219.08 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Swedbank AB increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 803.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,901,112 shares of the technology company’s stock after purchasing an additional 1,690,709 shares during the period. Swedbank AB owned about 0.27% of Dell Technologies worth $219,084,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at $25,000. True Wealth Design LLC raised its holdings in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC lifted its position in Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Covestor Ltd raised its holdings in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $1.27 during trading on Wednesday, hitting $102.56. 1,394,124 shares of the company traded hands, compared to its average volume of 8,119,097. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm has a market capitalization of $71.84 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.22 and a beta of 0.92. The business’s fifty day moving average is $119.43 and its 200 day moving average is $118.51.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

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).