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

Bank of Montreal Can grew its position in Dell Technologies Inc. (NYSE:DELL) by 46.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 538,376 shares of the technology company’s stock after acquiring an additional 169,681 shares during the quarter. Bank of Montreal Can’s holdings in Dell Technologies were worth $64,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter worth $28,000. Clean Yield Group acquired a new stake in Dell Technologies in the third quarter valued at $25,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies in the second quarter valued at $33,000. Crewe Advisors LLC acquired a new stake in Dell Technologies in the second quarter valued at $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter valued at $30,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DELL. Sanford C. Bernstein reduced their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies Price Performance

DELL opened at $124.38 on Thursday. The stock has a market capitalization of $87.36 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The business has a 50-day moving average of $127.08 and a two-hundred day moving average of $126.95. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Activity

In other news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last three months. Corporate insiders own 46.70% 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).