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

Caisse DE Depot ET Placement DU Quebec raised its stake in Dell Technologies Inc. (NYSE:DELL) by 72.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,600 shares of the technology company’s stock after acquiring 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Dell Technologies by 19,376.1% during the 3rd 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 last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares during the period. Alkeon Capital Management LLC raised its holdings in Dell Technologies by 48.3% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Dell Technologies by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after buying an additional 29,717 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after acquiring an additional 55,763 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Susquehanna initiated coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Trading Up 2.6 %

Shares of DELL stock opened at $127.59 on Monday. The firm has a fifty day simple moving average of $127.41 and a two-hundred day simple moving average of $126.70. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The firm has a market capitalization of $89.62 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

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).