National Bank of Canada FI Sells 119,228 Shares of Dell Technologies Inc. (NYSE:DELL)

National Bank of Canada FI lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 96.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860 shares of the technology company's stock after selling 119,228 shares during the period. National Bank of Canada FI's holdings in Dell Technologies were worth $289,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisor Partners II LLC purchased a new position in shares of Dell Technologies during the 3rd quarter valued at about $260,000. Park Avenue Securities LLC bought a new position in Dell Technologies in the 3rd quarter worth $228,000. Teacher Retirement System of Texas boosted its stake in shares of Dell Technologies by 53.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 194,285 shares of the technology company's stock valued at $13,386,000 after purchasing an additional 67,439 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Dell Technologies by 0.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 41,690 shares of the technology company's stock valued at $2,872,000 after acquiring an additional 253 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Dell Technologies by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 15,677 shares of the technology company's stock valued at $1,080,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company's stock.

Dell Technologies Stock Performance

NYSE DELL traded up $3.26 on Friday, reaching $149.57. 9,879,869 shares of the company's stock traded hands, compared to its average volume of 7,025,733. Dell Technologies Inc. has a fifty-two week low of $44.45 and a fifty-two week high of $150.84. The firm has a market cap of $106.76 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 1.89 and a beta of 0.87. The stock has a 50 day moving average price of $121.24 and a 200-day moving average price of $94.31.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Dell Technologies's revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $0.445 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.19%. Dell Technologies's dividend payout ratio is presently 40.73%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DELL shares. Wells Fargo & Company raised their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. UBS Group raised their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Sanford C. Bernstein boosted their price target on Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on Dell Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Finally, Barclays lifted their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $108.63.

Insiders Place Their Bets

In related news, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider William F. Scannell sold 106,483 shares of the company'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 sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the sale, the insider now directly owns 206,961 shares of the company's stock, valued at $24,856,016.10. 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 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).