CIBC Asset Management Inc Has $5.03 Million Position in Dell Technologies Inc. (NYSE:DELL)

CIBC Asset Management Inc raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 371.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,398 shares of the technology company's stock after acquiring an additional 33,412 shares during the period. CIBC Asset Management Inc's holdings in Dell Technologies were worth $5,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of DELL. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter worth $34,000. Institutional investors and hedge funds own 38.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on DELL. Mizuho started coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an "outperform" rating and a $135.00 price target on the stock. Barclays increased their price target on Dell Technologies from $97.00 to $106.00 and gave the company an "equal weight" rating in a research report on Friday, August 30th. Evercore ISI reiterated an "outperform" rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Fox Advisors raised shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a "buy" rating and a $144.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.88.

Dell Technologies Stock Up 3.3 %

Shares of Dell Technologies stock traded up $4.37 during trading on Monday, reaching $136.01. The company's stock had a trading volume of 6,449,853 shares, compared to its average volume of 10,065,721. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The firm has a market cap of $95.53 billion, a PE ratio of 25.04, a P/E/G ratio of 1.39 and a beta of 0.89. The business's 50-day moving average price is $123.03 and its 200-day moving average price is $126.46.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analysts' expectations of $24.14 billion. During the same period last year, the firm earned $1.44 earnings per share. The business's revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.31%. Dell Technologies's dividend payout ratio is currently 32.72%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company's stock, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

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).