Dell Technologies Inc. (NYSE:DELL) Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 26.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 62,900 shares of the technology company’s stock after purchasing an additional 13,200 shares during the period. Forsta AP Fonden’s holdings in Dell Technologies were worth $8,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the second quarter worth about $28,000. Massmutual Trust Co. FSB ADV increased its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Crewe Advisors LLC purchased a new position in Dell Technologies in the second quarter valued at approximately $34,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the first quarter worth approximately $30,000. Finally, Central Bank & Trust Co. acquired a new stake in shares of Dell Technologies in the first quarter worth $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders sold a total of 6,140,496 shares of company stock valued at $722,588,749 over the last 90 days. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

DELL opened at $114.35 on Friday. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The company has a 50-day moving average of $113.98 and a 200-day moving average of $123.86. The company has a market capitalization of $81.10 billion, a P/E ratio of 23.34, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DELL shares. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a report on Tuesday. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $135.75.

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).