Canada Pension Plan Investment Board Reduces Stock Position in Dell Technologies Inc. (NYSE:DELL)

Canada Pension Plan Investment Board lowered its position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 42.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,242 shares of the technology company’s stock after selling 217,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $20,273,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,498,328 shares of the technology company’s stock valued at $878,241,000 after purchasing an additional 301,756 shares during the last quarter. Boston Partners acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $529,103,000. State Street Corp increased its holdings in shares of Dell Technologies by 2.0% in the first quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock valued at $356,702,000 after purchasing an additional 138,821 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Dell Technologies by 80.7% in the first quarter. Goldman Sachs Group Inc. now owns 4,976,265 shares of the technology company’s stock valued at $249,759,000 after purchasing an additional 2,222,995 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Dell Technologies by 10.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,693,844 shares of the technology company’s stock valued at $235,584,000 after purchasing an additional 427,038 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the transaction, the director now owns 293,812 shares of the company’s stock, valued at $23,155,323.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 48.60% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Raymond James increased their price objective on Dell Technologies from $68.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. The Goldman Sachs Group increased their price objective on Dell Technologies from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Sanford C. Bernstein raised their price target on Dell Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded Dell Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $77.00 to $90.00 in a research report on Monday, January 8th. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.80.

Read Our Latest Research Report on Dell Technologies

Dell Technologies Price Performance

Dell Technologies stock opened at $86.20 on Monday. Dell Technologies Inc. has a 1-year low of $35.96 and a 1-year high of $86.90. The stock has a market cap of $61.34 billion, a PE ratio of 23.81, a P/E/G ratio of 1.19 and a beta of 0.90. The stock’s fifty day moving average is $77.65 and its two-hundred day moving average is $69.95.

Dell Technologies (NYSE:DELLGet Free Report) last posted its earnings results on Thursday, November 30th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.42. Dell Technologies had a negative return on equity of 150.29% and a net margin of 2.92%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.01 billion. During the same quarter in the previous year, the firm earned $2.01 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. On average, research analysts expect that Dell Technologies Inc. will post 5.66 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Tuesday, January 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, January 22nd. Dell Technologies’s dividend payout ratio is currently 40.88%.

Dell Technologies Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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