Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 52.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,123 shares of the technology company's stock after purchasing an additional 22,391 shares during the quarter. Bank of Nova Scotia's holdings in Dell Technologies were worth $7,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the 4th quarter worth $28,000. Versant Capital Management Inc lifted its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of research analysts have weighed in on DELL shares. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.88.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $1.00 during trading hours on Wednesday, hitting $84.50. The company's stock had a trading volume of 1,794,237 shares, compared to its average volume of 8,894,221. The company has a market capitalization of $58.96 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.10 and a beta of 0.94. The firm's fifty day moving average price is $97.36 and its 200 day moving average price is $112.88. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Dell Technologies 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).