CANADA LIFE ASSURANCE Co Grows Position in Dell Technologies Inc. (NYSE:DELL)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,251 shares of the technology company's stock after acquiring an additional 30,863 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Dell Technologies were worth $37,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter worth $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $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 position in Dell Technologies during the fourth quarter worth about $37,000. Institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Barclays boosted their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company dropped 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 Friday, February 28th. Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $136.41.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The stock was 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 directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 46.70% of the stock is owned by company insiders.

Dell Technologies Price Performance

Dell Technologies stock traded up $4.94 during mid-day trading on Wednesday, reaching $89.02. The stock had a trading volume of 4,460,317 shares, compared to its average volume of 10,361,643. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company has a 50-day moving average price of $94.69 and a two-hundred day moving average price of $111.76.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is 33.76%.

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).