CIBC Asset Management Inc Buys 6,090 Shares of Dell Technologies Inc. (NYSE:DELL)

CIBC Asset Management Inc raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,488 shares of the technology company's stock after acquiring an additional 6,090 shares during the period. CIBC Asset Management Inc's holdings in Dell Technologies were worth $5,588,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies during the 4th quarter worth $1,272,000. iA Global Asset Management Inc. raised its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service raised its stake in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company's stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $1,687,000. Finally, Enclave Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $848,000. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company's stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 in the last quarter. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Performance

NYSE:DELL traded down $2.21 during mid-day trading on Friday, reaching $117.68. The stock had a trading volume of 3,313,686 shares, compared to its average volume of 8,214,646. The firm has a 50 day moving average price of $113.12 and a two-hundred day moving average price of $117.42. The stock has a market capitalization of $82.43 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies's payout ratio is 31.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DELL shares. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Evercore ISI restated an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup lowered their price objective on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.00.

About Dell Technologies

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).