Desjardins Global Asset Management Inc. Has $4.02 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Desjardins Global Asset Management Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 120.0% during the 4th quarter, HoldingsChannel reports. The firm owned 52,487 shares of the technology company’s stock after purchasing an additional 28,632 shares during the quarter. 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 also recently added to or reduced their stakes in DELL. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. bought a new stake in shares of Dell Technologies in the first quarter valued at approximately $27,000. Compass Wealth Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Pinnacle Bancorp Inc. boosted its position in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Dell Technologies by 263.8% in the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. 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 research report on Thursday, February 22nd. Wells Fargo & Company raised their target price on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised their target price on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Loop Capital assumed coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Barclays raised their target price on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.88.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total value of $211,557,494.39. Following the completion of the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at $3,634,917,698.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $3.55 during midday trading on Tuesday, reaching $121.36. The company’s stock had a trading volume of 5,112,362 shares, compared to its average volume of 7,234,786. Dell Technologies Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The company has a market capitalization of $86.63 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.49 and a beta of 0.92. The business’s fifty day simple moving average is $106.22 and its 200-day simple moving average is $85.06.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. The ex-dividend date is Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

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).