Livforsakringsbolaget Skandia Omsesidigt Sells 300 Shares of Dell Technologies Inc. (NYSE:DELL)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Dell Technologies Inc. (NYSE:DELL) by 11.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,323 shares of the technology company’s stock after selling 300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dell Technologies were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DELL. True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the period. MCF Advisors LLC boosted its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after acquiring an additional 165 shares in the last quarter. Covestor Ltd grew its stake in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after acquiring an additional 218 shares during the period. Versant Capital Management Inc increased its holdings in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of Dell Technologies by 171.9% in the 4th quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock worth $50,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.5 %

NYSE:DELL opened at $106.45 on Friday. The firm’s 50 day moving average is $114.90 and its 200 day moving average is $117.40. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The stock has a market capitalization of $74.56 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 946,132 shares of company stock valued at $115,660,009. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.06.

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).