Intact Investment Management Inc. Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Intact Investment Management Inc. bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,600 shares of the technology company's stock, valued at approximately $693,000.

Several other institutional investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. lifted its position in shares of Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its stake in Dell Technologies by 155.8% in the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the transaction, the insider now directly owns 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,470,322 shares of company stock worth $167,441,630. Company insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Mizuho raised their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Raymond James Financial upped their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, UBS Group cut their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $2.59 during trading on Tuesday, reaching $120.61. The company's stock had a trading volume of 5,028,363 shares, compared to its average volume of 8,907,460. The business's fifty day moving average price is $104.46 and its 200-day moving average price is $104.87. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $150.23. The firm has a market cap of $81.88 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The company's revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

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).