Dell Technologies Inc. (NYSE:DELL) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,944 shares of the technology company's stock after buying an additional 10,221 shares during the period. Cibc World Markets Corp's holdings in Dell Technologies were worth $5,640,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its position in shares of Dell Technologies by 144.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 457 shares of the technology company's stock worth $53,000 after purchasing an additional 270 shares during the period. GLOBALT Investments LLC GA boosted its position in shares of Dell Technologies by 0.4% during the 4th quarter. GLOBALT Investments LLC GA now owns 41,817 shares of the technology company's stock worth $4,819,000 after purchasing an additional 167 shares during the period. Corient Private Wealth LLC boosted its position in shares of Dell Technologies by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 120,269 shares of the technology company's stock worth $12,895,000 after purchasing an additional 2,653 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Dell Technologies by 93.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,765 shares of the technology company's stock worth $1,932,000 after purchasing an additional 8,113 shares during the period. Finally, Choate Investment Advisors boosted its position in shares of Dell Technologies by 43.2% during the 4th quarter. Choate Investment Advisors now owns 2,461 shares of the technology company's stock worth $284,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

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Dell Technologies Price Performance

Shares of DELL traded down $1.30 during midday trading on Friday, reaching $97.62. The stock had a trading volume of 8,908,156 shares, compared to its average volume of 10,081,723. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The company's fifty day simple moving average is $105.59 and its two-hundred day simple moving average is $116.61. The company has a market cap of $68.38 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid 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 2.15%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Analyst Ratings Changes

A number of research firms recently weighed in on DELL. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. UBS Group decreased their price target on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, TD Cowen decreased their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.24.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 in the last ninety days. 46.70% of the stock is 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).