Cibc World Markets Corp Buys 10,221 Shares of Dell Technologies Inc. (NYSE:DELL)

Cibc World Markets Corp increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 26.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,944 shares of the technology company’s stock after purchasing an additional 10,221 shares during the quarter. Cibc World Markets Corp’s holdings in Dell Technologies were worth $5,640,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Optimist Retirement Group LLC grew its position in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Dell Technologies by 18.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company’s stock valued at $474,000 after acquiring an additional 622 shares during the last quarter. Natixis Advisors LLC grew its position in Dell Technologies by 7.3% in the 3rd quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company’s stock valued at $16,959,000 after acquiring an additional 9,782 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Dell Technologies by 910.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock valued at $4,193,000 after acquiring an additional 31,873 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Dell Technologies by 529.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after acquiring an additional 11,783 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Morgan Stanley dropped their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity

In related news, 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 transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $98.73 on Thursday. The stock’s 50-day simple moving average is $106.34 and its 200-day simple moving average is $116.82. The firm has a market capitalization of $69.15 billion, a PE ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.13%. Dell Technologies’s dividend payout ratio is currently 33.76%.

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).