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

Handelsbanken Fonder AB boosted its position in Dell Technologies Inc. (NYSE:DELL) by 50.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,479 shares of the technology company’s stock after acquiring an additional 46,993 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dell Technologies were worth $10,747,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Anchor Investment Management LLC acquired a new stake in Dell Technologies during the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its holdings in Dell Technologies by 96.9% during the fourth 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. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after purchasing an additional 400 shares in the last quarter. Castleview Partners LLC acquired a new stake in Dell Technologies during the third quarter worth approximately $39,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Dell Technologies by 1,456.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DELL shares. Barclays raised their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Wells Fargo & Company raised their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Evercore ISI raised their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Dell Technologies Price Performance

NYSE:DELL opened at $120.19 on Thursday. The firm’s fifty day moving average price is $110.94 and its 200 day moving average price is $87.44. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The firm has a market cap of $85.79 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $1.55 earnings per share. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm 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. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’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 completion of the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’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 completion of the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% 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).