Dell Technologies Inc. (NYSE:DELL) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its stake in Dell Technologies Inc. (NYSE:DELL) by 46.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,376 shares of the technology company’s stock after purchasing an additional 169,681 shares during the period. Bank of Montreal Can owned 0.08% of Dell Technologies worth $64,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DELL. International Assets Investment Management LLC boosted its stake in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after purchasing an additional 575,166 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in Dell Technologies during the 3rd quarter valued at approximately $65,280,000. Finally, Principal Financial Group Inc. acquired a new stake in Dell Technologies during the 2nd quarter valued at approximately $39,766,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on DELL shares. Bank of America lifted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Susquehanna started coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Barclays lifted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.18.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Down 12.2 %

Shares of DELL stock opened at $124.38 on Thursday. The company’s 50-day moving average price is $127.08 and its 200-day moving average price is $126.95. The stock has a market cap of $87.36 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.51 and a beta of 0.89. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. Dell Technologies’s payout ratio is currently 32.72%.

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).