Swedbank AB Cuts Stake in Dell Technologies Inc. $DELL

Key Points

• Swedbank AB has reduced its holdings in Dell Technologies by 36.3%, owning approximately 694,705 shares after selling 395,226 shares during the 2nd quarter.
• In the latest quarter, company insiders sold a total of 12,128,392 shares worth around $1.49 billion, indicating significant insider selling activity.
• Dell Technologies announced a quarterly dividend of $0.525 per share, representing a 1.6% dividend yield and scheduled for payout on October 31st.

Swedbank AB reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 36.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 694,705 shares of the technology company's stock after selling 395,226 shares during the period. Swedbank AB owned approximately 0.10% of Dell Technologies worth $85,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DELL. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Dell Technologies by 11.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,779 shares of the technology company's stock worth $5,000,000 after purchasing an additional 4,261 shares during the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of Dell Technologies by 5.6% during the second quarter. KMG Fiduciary Partners LLC now owns 27,466 shares of the technology company's stock worth $3,367,000 after purchasing an additional 1,452 shares during the last quarter. Focus Financial Network Inc. increased its holdings in Dell Technologies by 8.0% in the second quarter. Focus Financial Network Inc. now owns 2,689 shares of the technology company's stock valued at $330,000 after buying an additional 199 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Dell Technologies in the second quarter valued at $328,000. Finally, Lineweaver Wealth Advisors LLC increased its holdings in Dell Technologies by 15.2% in the second quarter. Lineweaver Wealth Advisors LLC now owns 17,723 shares of the technology company's stock valued at $2,173,000 after buying an additional 2,342 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $127.00, for a total value of $76,200,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Insiders sold a total of 12,693,392 shares of company stock valued at $1,568,257,000 over the last 90 days. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Bank of America lifted their price objective on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, August 29th. Raymond James Financial lifted their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.67.

Dell Technologies Stock Up 0.1%

NYSE:DELL traded up $0.09 on Friday, hitting $132.20. The stock had a trading volume of 9,044,942 shares, compared to its average volume of 6,862,990. The company has a fifty day moving average price of $129.71 and a two-hundred day moving average price of $112.03. The stock has a market cap of $88.89 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business's revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's payout ratio is 30.88%.

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).