Desjardins Global Asset Management Inc. Acquires 28,632 Shares of Dell Technologies Inc. (NYSE:DELL)

Desjardins Global Asset Management Inc. raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 120.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,487 shares of the technology company's stock after buying an additional 28,632 shares during the period. Desjardins Global Asset Management Inc.'s holdings in Dell Technologies were worth $4,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. increased its position in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company's stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company's stock worth $37,000 after purchasing an additional 400 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies during the first quarter worth about $27,000. Finally, Castleview Partners LLC purchased a new position in shares of Dell Technologies during the third quarter worth about $39,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a report on Friday, March 1st. UBS Group lifted their price objective on Dell Technologies from $99.00 to $113.00 and gave the company a "buy" rating in a report on Friday, March 1st. Evercore ISI lifted their price objective on Dell Technologies from $95.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Barclays boosted their price target on Dell Technologies from $53.00 to $94.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company boosted their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $102.88.

Insider Activity

In related news, insider William F. Scannell sold 106,483 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the transaction, the chief executive officer now owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company's stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $3.28 during trading on Tuesday, reaching $121.09. The company had a trading volume of 7,589,358 shares, compared to its average volume of 7,266,719. The company has a market cap of $86.43 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92. The firm's fifty day moving average is $106.99 and its 200-day moving average is $85.42. Dell Technologies Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $136.16.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies's quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.37. Dell Technologies's payout ratio is 33.87%.

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).