Dell Technologies Inc. (NYSE:DELL) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in Dell Technologies Inc. (NYSE:DELL) by 14.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 48,488 shares of the technology company’s stock after acquiring an additional 6,090 shares during the quarter. CIBC Asset Management Inc’s holdings in Dell Technologies were worth $5,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Dell Technologies by 19,376.1% during 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 purchasing an additional 2,415,234 shares during the period. Swedbank AB lifted its holdings in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after purchasing an additional 1,002,117 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 0.5 %

DELL opened at $120.96 on Thursday. The firm has a market cap of $84.73 billion, a P/E ratio of 21.37, a PEG ratio of 1.00 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The business’s fifty day simple moving average is $113.06 and its 200 day simple moving average is $117.38.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,564,106 over the last quarter. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent research reports. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Mizuho cut their price objective 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. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.65.

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).