CIBC Asset Management Inc Has $5.03 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

CIBC Asset Management Inc raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 371.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 42,398 shares of the technology company’s stock after acquiring an additional 33,412 shares during the quarter. CIBC Asset Management Inc’s holdings in Dell Technologies were worth $5,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Intellectus Partners LLC increased its position in shares of Dell Technologies by 17.5% during the third quarter. Intellectus Partners LLC now owns 3,350 shares of the technology company’s stock worth $397,000 after buying an additional 500 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Dell Technologies by 18.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company’s stock worth $474,000 after buying an additional 622 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dell Technologies by 22.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,880 shares of the technology company’s stock worth $1,171,000 after buying an additional 1,782 shares during the period. Metis Global Partners LLC increased its position in shares of Dell Technologies by 78.5% during the third quarter. Metis Global Partners LLC now owns 15,175 shares of the technology company’s stock worth $1,799,000 after buying an additional 6,674 shares during the period. Finally, Zions Bancorporation N.A. increased its position in shares of Dell Technologies by 25.1% during the third quarter. Zions Bancorporation N.A. now owns 7,149 shares of the technology company’s stock worth $847,000 after buying an additional 1,435 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 2.1 %

Shares of NYSE:DELL opened at $131.64 on Monday. The company has a 50 day moving average of $123.03 and a 200 day moving average of $126.46. The stock has a market cap of $92.46 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.39 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.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company 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%. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 yield of 1.35%. Dell Technologies’s payout ratio is presently 32.72%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research reports. Mizuho initiated coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Barclays raised their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Sanford C. Bernstein reduced their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The shares were 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 in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were 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 of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last three months. 46.70% of the stock is owned by insiders.

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).