Caisse DE Depot ET Placement DU Quebec Purchases 144,397 Shares of Dell Technologies Inc. (NYSE:DELL)

Caisse DE Depot ET Placement DU Quebec boosted its position in Dell Technologies Inc. (NYSE:DELL) by 72.1% during the third quarter, HoldingsChannel reports. The fund owned 344,600 shares of the technology company’s stock after buying an additional 144,397 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Dell Technologies were worth $40,849,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after buying an additional 699,204 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after buying an additional 575,166 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of Dell Technologies in the third quarter worth about $65,280,000. Finally, Fred Alger Management LLC boosted its position in shares of Dell Technologies by 124.8% in the third quarter. Fred Alger Management LLC now owns 605,332 shares of the technology company’s stock valued at $71,756,000 after acquiring an additional 336,108 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the topic of several recent analyst reports. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Dell Technologies Trading Up 2.6 %

DELL opened at $127.59 on Monday. The company has a market cap of $89.62 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.34 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The business’s 50-day moving average price is $127.41 and its 200-day moving average price is $126.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Company insiders own 46.70% of the company’s stock.

About Dell Technologies

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).