Handelsbanken Fonder AB Sells 9,674 Shares of Dell Technologies Inc. (NYSE:DELL)

Handelsbanken Fonder AB decreased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174,317 shares of the technology company's stock after selling 9,674 shares during the period. Handelsbanken Fonder AB's holdings in Dell Technologies were worth $15,889,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI lifted its holdings in shares of Dell Technologies by 5.2% during the first quarter. Parsons Capital Management Inc. RI now owns 20,990 shares of the technology company's stock valued at $1,913,000 after purchasing an additional 1,037 shares during the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Dell Technologies by 27.7% during the 1st quarter. Fiduciary Financial Group LLC now owns 3,320 shares of the technology company's stock valued at $303,000 after buying an additional 720 shares during the period. West Paces Advisors Inc. grew its stake in Dell Technologies by 6.4% in the first quarter. West Paces Advisors Inc. now owns 4,617 shares of the technology company's stock valued at $421,000 after purchasing an additional 279 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dell Technologies by 94.8% in the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company's stock worth $539,000 after buying an additional 2,878 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DELL. Raymond James lifted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $3.75 during trading on Friday, reaching $109.65. 3,340,936 shares of the stock were exchanged, compared to its average volume of 9,358,329. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The stock has a fifty day moving average of $99.45 and a two-hundred day moving average of $105.73. The firm has a market cap of $76.52 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the firm posted $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel now owns 79,928 shares in the company, valued at $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 851,905 shares of company stock valued at $97,155,665. Insiders own 42.00% of the company's stock.

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).