Dell Technologies Inc. (NYSE:DELL) Position Lessened by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its position in Dell Technologies Inc. (NYSE:DELL) by 98.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,297 shares of the technology company’s stock after selling 495,246 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DELL. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies during the fourth quarter worth approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Dell Technologies stock opened at $94.40 on Friday. The business has a 50 day simple moving average of $93.79 and a 200 day simple moving average of $111.43. The company has a market capitalization of $65.88 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

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

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. TD Cowen dropped their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Barclays increased 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. UBS Group dropped their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $136.41.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 46.70% of the stock is currently 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).