Dell Technologies Inc. (NYSE:DELL) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 623,439 shares of the technology company’s stock after purchasing an additional 9,826 shares during the period. CIBC Private Wealth Group LLC’s holdings in Dell Technologies were worth $74,383,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. IPG Investment Advisors LLC raised its position in Dell Technologies by 31.7% in the fourth quarter. IPG Investment Advisors LLC now owns 18,300 shares of the technology company’s stock worth $2,109,000 after acquiring an additional 4,400 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Dell Technologies by 21.4% in the 4th quarter. Schroder Investment Management Group now owns 203,192 shares of the technology company’s stock valued at $23,331,000 after purchasing an additional 35,820 shares in the last quarter. Allianz SE purchased a new stake in Dell Technologies during the fourth quarter worth about $1,542,000. Transamerica Financial Advisors Inc. increased its holdings in Dell Technologies by 3,312,400.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 33,125 shares of the technology company’s stock valued at $3,818,000 after buying an additional 33,124 shares in the last quarter. Finally, Allstate Corp acquired a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $1,083,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DELL shares. Morgan Stanley dropped their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 4.9 %

Dell Technologies stock opened at $92.35 on Monday. The stock has a fifty day moving average price of $104.31 and a 200 day moving average price of $116.33. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The firm has a market capitalization of $64.68 billion, a P/E ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on 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 transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock worth $100,327,453 in the last three months. Company insiders own 46.70% of the company’s stock.

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).