Skandinaviska Enskilda Banken AB publ Has $7.39 Million Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Dell Technologies by 15.5% in Q1, now holding a position valued at $7.39 million.
• Several analysts have upgraded their price targets for Dell Technologies, with JPMorgan Chase raising it from $125 to $145, while the stock currently holds a consensus rating of "Moderate Buy".
• Dell Technologies recently announced a quarterly dividend of $0.525 per share, resulting in an annualized yield of 1.60% and a payout ratio of 33.49%.

Skandinaviska Enskilda Banken AB publ grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,159 shares of the technology company's stock after purchasing an additional 10,873 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Dell Technologies were worth $7,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in Dell Technologies in the fourth quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at about $25,000. Cullen Frost Bankers Inc. grew its position in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares during the period. Crowley Wealth Management Inc. increased its stake in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth approximately $32,000. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Mizuho upped their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Raymond James Financial upped their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Bank of America increased 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 research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Price Performance

Dell Technologies stock opened at $131.20 on Monday. The company's 50-day moving average is $119.18 and its 200-day moving average is $106.10. The firm has a market capitalization of $89.06 billion, a PE ratio of 20.92, a P/E/G ratio of 1.06 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 results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. As a group, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is 33.49%.

Insider Activity

In other 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 transaction, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the sale, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is owned by company insiders.

Dell Technologies Company 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).

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