AMF Tjanstepension AB Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

AMF Tjanstepension AB cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 34.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460,185 shares of the technology company’s stock after selling 242,678 shares during the period. AMF Tjanstepension AB owned 0.06% of Dell Technologies worth $52,526,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Dell Technologies by 11.3% during the third quarter. Rhumbline Advisers now owns 30,081 shares of the technology company’s stock valued at $2,073,000 after acquiring an additional 3,052 shares during the last quarter. Paralel Advisors LLC raised its position in Dell Technologies by 1.1% in the third quarter. Paralel Advisors LLC now owns 47,560 shares of the technology company’s stock valued at $3,277,000 after purchasing an additional 537 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Dell Technologies during the third quarter worth $548,000. Envestnet Asset Management Inc. boosted its position in shares of Dell Technologies by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 281,451 shares of the technology company’s stock worth $19,392,000 after buying an additional 48,035 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Dell Technologies by 198.1% in the third quarter. Invesco Ltd. now owns 762,836 shares of the technology company’s stock valued at $52,559,000 after buying an additional 506,950 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 1.2 %

DELL traded down $1.61 on Friday, reaching $137.82. The company’s stock had a trading volume of 20,562,955 shares, compared to its average volume of 10,048,008. Dell Technologies Inc. has a fifty-two week low of $51.80 and a fifty-two week high of $179.70. The stock has a 50 day moving average of $138.43 and a two-hundred day moving average of $109.99. The company has a market capitalization of $97.76 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.71 and a beta of 0.85.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. As a group, analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 6,246,728 shares of company stock worth $842,917,457 in the last quarter. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DELL has been the topic of several research reports. UBS Group increased their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Morgan Stanley restated an “overweight” rating and issued a $155.00 price objective on shares of Dell Technologies in a report on Monday, June 17th. Citigroup increased their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Sanford C. Bernstein boosted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Finally, The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Profile

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).