Dell Technologies Inc. (NYSE:DELL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,077 shares of the technology company’s stock after selling 46,468 shares during the quarter. Toronto Dominion Bank’s holdings in Dell Technologies were worth $12,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new position in Dell Technologies during the fourth quarter worth $848,000. Empowered Funds LLC boosted its position in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Bay Rivers Group acquired a new stake in Dell Technologies in the fourth quarter valued at $2,347,000. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Dell Technologies by 163.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company’s stock valued at $1,909,000 after buying an additional 10,281 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 0.1%

Shares of NYSE:DELL opened at $114.13 on Wednesday. The business has a fifty day simple moving average of $92.65 and a 200-day simple moving average of $108.35. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company has a market cap of $79.64 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 1.84%. Dell Technologies’s payout ratio is 33.76%.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DELL shares. TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Evercore ISI reduced their price target on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Mizuho raised their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.76.

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).