Livforsakringsbolaget Skandia Omsesidigt Raises Stock Position in Dell Technologies Inc. $DELL

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its position in Dell Technologies Inc. by 585.4%, owning 15,923 shares worth approximately $1.95 million after acquiring an additional 13,600 shares in the second quarter.
• Dell Technologies recently announced a quarterly dividend of $0.525 per share, set to be paid on October 31, 2023, which represents an annualized yield of 1.6%.
• Wall Street analysts have shown optimism in Dell's performance with multiple upgrades to price targets, with Wells Fargo raising theirs from $150.00 to $160.00 and Bank of America boosting it from $165.00 to $167.00.

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 585.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,923 shares of the technology company's stock after buying an additional 13,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Dell Technologies were worth $1,951,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC increased its stake in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock worth $395,000 after purchasing an additional 116 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after purchasing an additional 125 shares in the last quarter. MRP Capital Investments LLC increased its stake in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after purchasing an additional 125 shares in the last quarter. Greenleaf Trust increased its stake in shares of Dell Technologies by 1.4% in the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after purchasing an additional 136 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Dell Technologies by 32.9% in the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after purchasing an additional 145 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $3.53 during trading on Monday, reaching $135.47. 7,842,443 shares of the stock traded hands, compared to its average volume of 7,122,803. The company has a market capitalization of $91.09 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 0.90 and a beta of 1.01. The business has a fifty day simple moving average of $129.71 and a two-hundred day simple moving average of $112.16. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company upped their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Bank of America increased their price target on Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Cowen reiterated a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Finally, Raymond James Financial increased their price target on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $147.67.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the transaction, the director directly owned 938,741 shares of the company's stock, valued at approximately $112,958,704.53. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,693,392 shares of company stock worth $1,568,257,000 in the last quarter. Company insiders own 42.00% of the company's stock.

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).