Dell Technologies Inc. (NYSE:DELL) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 98.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,297 shares of the technology company’s stock after selling 495,246 shares during the period. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $1,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Norges Bank bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $455,029,000. Vanguard Group Inc. raised its position in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Swedbank AB lifted its holdings in shares of Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. grew its stake in Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Up 5.9 %

NYSE:DELL opened at $94.40 on Friday. The stock has a fifty day simple moving average of $93.79 and a 200 day simple moving average of $111.43. The firm has a market capitalization of $65.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Cowen lowered 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. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Barclays increased their price target 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. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.70% of the stock is owned by 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).