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

CIBC Asset Management Inc grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,488 shares of the technology company’s stock after purchasing an additional 6,090 shares during the quarter. CIBC Asset Management Inc’s holdings in Dell Technologies were worth $5,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Principal Financial Group Inc. boosted its position in shares of Dell Technologies by 7.5% during the 4th quarter. Principal Financial Group Inc. now owns 493,959 shares of the technology company’s stock valued at $56,924,000 after acquiring an additional 34,626 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Dell Technologies by 10.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 116,295 shares of the technology company’s stock valued at $13,402,000 after acquiring an additional 11,155 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Dell Technologies by 204.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock valued at $38,000 after acquiring an additional 221 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $199,000. Finally, MN Wealth Advisors LLC boosted its position in shares of Dell Technologies by 91.9% during the 4th quarter. MN Wealth Advisors LLC now owns 4,140 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DELL. Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.65.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,564,106 over the last three months. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

DELL stock opened at $120.96 on Thursday. The company’s 50 day moving average price is $113.06 and its 200 day moving average price is $117.38. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm has a market capitalization of $84.73 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.00 and a beta of 0.90.

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

Dell Technologies Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. Dell Technologies’s payout ratio is 31.45%.

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).