AMF Tjanstepension AB Has $52.53 Million Stake in Dell Technologies Inc. (NYSE:DELL)

AMF Tjanstepension AB lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 34.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 460,185 shares of the technology company’s stock after selling 242,678 shares during the period. AMF Tjanstepension AB’s holdings in Dell Technologies were worth $52,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after acquiring an additional 647,192 shares during the last quarter. Boston Partners increased its holdings in Dell Technologies by 2.1% in the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the last quarter. Morgan Stanley lifted its stake in Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after buying an additional 2,472,866 shares during the period. Alkeon Capital Management LLC boosted its holdings in Dell Technologies by 241.9% during the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after buying an additional 3,023,625 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after buying an additional 520,677 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock traded down $1.61 during mid-day trading 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. The business’s 50 day simple moving average is $138.43 and its 200 day simple moving average is $109.99. Dell Technologies Inc. has a 12 month low of $51.80 and a 12 month high of $179.70. The company has a market capitalization of $97.76 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85.

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

Dell Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Evercore ISI boosted their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Bank of America raised their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group boosted their target price on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, UBS Group raised their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Insiders Place Their Bets

In related news, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 three months, insiders have sold 6,246,728 shares of company stock valued at $842,917,457. 46.70% 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).