Forsta AP Fonden Sells 12,800 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Forsta AP Fonden reduced its stake in Dell Technologies by 16.6%, selling 12,800 shares, leaving it with 64,500 shares worth approximately $5.88 million.
• Multiple institutional investors, including Bessemer Group Inc. and Rockefeller Capital Management, have recently adjusted their positions in Dell Technologies, indicating ongoing interest in the stock.
• Analysts have a generally positive outlook with an average price target of $140.06 and 16 buy ratings, indicating confidence in Dell's future performance.

Forsta AP Fonden decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,500 shares of the technology company's stock after selling 12,800 shares during the period. Forsta AP Fonden's holdings in Dell Technologies were worth $5,879,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DELL. Brighton Jones LLC boosted its stake in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the period. Bessemer Group Inc. raised its position in Dell Technologies by 7.5% during the fourth quarter. Bessemer Group Inc. now owns 15,341 shares of the technology company's stock valued at $1,767,000 after purchasing an additional 1,064 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Dell Technologies by 19.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 138,395 shares of the technology company's stock valued at $15,949,000 after purchasing an additional 22,077 shares in the last quarter. Qtron Investments LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $519,000. Finally, Townsquare Capital LLC raised its position in Dell Technologies by 21.0% during the fourth quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock valued at $656,000 after purchasing an additional 989 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lowered their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. TD Cowen raised their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Barclays lifted their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Finally, Bank of America lifted their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Insider Transactions 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 Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the sale, the director directly owned 980,295 shares of the company's stock, valued at $125,046,430.20. The trade was a 37.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director directly owned 986,261 shares in the company, valued at approximately $121,803,233.50. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,947,063 shares of company stock worth $1,577,559,812. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $137.73 on Monday. The stock's 50 day simple moving average is $123.02 and its two-hundred day simple moving average is $107.55. The stock has a market cap of $93.50 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 earnings per share. On average, analysts predict 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 was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.