Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Cibc World Markets Corp

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 Form 13F filing with the Securities & Exchange Commission. The firm owned 48,944 shares of the technology company’s stock after acquiring an additional 10,221 shares during the period. Cibc World Markets Corp’s holdings in Dell Technologies were worth $5,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Burns J W & Co. Inc. NY acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. grew its holdings in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares during the period. Sky Investment Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $848,000. Finally, Empowered Funds LLC lifted its position in shares of Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 2.4 %

Shares of Dell Technologies stock opened at $98.73 on Thursday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The business’s fifty day simple moving average is $106.34 and its 200-day simple moving average is $116.82. The firm has a market cap of $69.15 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. 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. Dell Technologies’s dividend payout ratio is 33.76%.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The transaction was disclosed in a legal 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 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 in the last quarter. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DELL shares. The Goldman Sachs Group decreased their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price 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. Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America decreased their target price 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, Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

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).