Bank of Montreal Can Buys 292,393 Shares of Dell Technologies Inc. (NYSE:DELL)

Bank of Montreal Can lifted its position in Dell Technologies Inc. (NYSE:DELL) by 383.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 368,695 shares of the technology company’s stock after purchasing an additional 292,393 shares during the period. Bank of Montreal Can’s holdings in Dell Technologies were worth $51,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Dell Technologies during the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the second quarter valued at $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the first quarter worth about $30,000. Finally, Central Bank & Trust Co. purchased a new stake in Dell Technologies in the first quarter worth about $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $120.17 on Thursday. The stock has a 50 day moving average price of $110.57 and a 200-day moving average price of $124.34. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The company has a market capitalization of $85.24 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider William F. Scannell sold 42,595 shares of the company’s 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 transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,007,047 shares of company stock worth $1,041,595,745. 46.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DELL shares. Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Bank of America raised their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley dropped their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. UBS Group decreased their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen dropped their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.47.

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).