Dell Technologies Inc. (NYSE:DELL) Stake Boosted by Comerica Bank

Comerica Bank raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.4% in the 4th quarter, Holdings Channel reports. The firm owned 71,203 shares of the technology company’s stock after purchasing an additional 6,689 shares during the quarter. Comerica Bank’s holdings in Dell Technologies were worth $8,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of DELL. Allen Capital Group LLC increased its holdings in shares of Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after acquiring an additional 95 shares during the period. Brooklyn Investment Group raised its holdings in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after buying an additional 96 shares during the last quarter. Sunflower Bank N.A. boosted its position in shares of Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after buying an additional 98 shares during the period. Bogart Wealth LLC grew its holdings in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after acquiring an additional 100 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DELL. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America cut their target price 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. Finally, Evercore ISI lowered their price target on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.65.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $94.57 on Friday. The stock has a market cap of $65.99 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.10 and a beta of 0.94. The firm has a 50 day simple moving average of $90.95 and a 200 day simple moving average of $110.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were given a $0.525 dividend. 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 2.22%. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

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).