Alberta Investment Management Corp Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Alberta Investment Management Corp acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 36,700 shares of the technology company's stock, valued at approximately $4,229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TKG Advisors LLC grew its holdings in Dell Technologies by 102.8% during the 4th quarter. TKG Advisors LLC now owns 18,455 shares of the technology company's stock worth $2,099,000 after acquiring an additional 9,355 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Dell Technologies by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 338,444 shares of the technology company's stock worth $39,002,000 after purchasing an additional 1,582 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Dell Technologies by 9.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,393 shares of the technology company's stock valued at $1,659,000 after purchasing an additional 1,228 shares during the period. Hudson Canyon Capital Management raised its position in Dell Technologies by 14.4% during the 4th quarter. Hudson Canyon Capital Management now owns 22,250 shares of the technology company's stock worth $2,564,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Dell Technologies by 11.9% during the 4th quarter. Truist Financial Corp now owns 83,338 shares of the technology company's stock worth $9,604,000 after buying an additional 8,850 shares during the period. Institutional investors own 76.37% of the company's stock.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

NYSE:DELL traded down $2.23 during trading on Friday, reaching $117.66. The company's stock had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. Dell Technologies Inc. has a 12 month low of $85.40 and a 12 month high of $179.70. The firm has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The firm has a 50 day moving average of $113.12 and a 200-day moving average of $117.42.

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

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DELL. Mizuho lowered 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. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Evercore ISI reissued an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup decreased their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday. Finally, Bank of America reduced their price objective 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. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

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).