Dell Technologies Inc. (NYSE:DELL) Position Increased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in Dell Technologies Inc. (NYSE:DELL) by 10.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 30,599 shares of the technology company’s stock after acquiring an additional 2,804 shares during the period. CIBC Asset Management Inc’s holdings in Dell Technologies were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DELL. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $10,033,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Dell Technologies by 20.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,715 shares of the technology company’s stock worth $4,855,000 after purchasing an additional 8,149 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Dell Technologies by 12.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 7,189 shares of the technology company’s stock worth $715,000 after purchasing an additional 777 shares during the last quarter. Van ECK Associates Corp raised its stake in Dell Technologies by 166.0% during the 2nd quarter. Van ECK Associates Corp now owns 806 shares of the technology company’s stock valued at $80,000 after acquiring an additional 503 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Dell Technologies by 32.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 237,011 shares of the technology company’s stock valued at $23,623,000 after acquiring an additional 58,543 shares in the last quarter. 31.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE DELL opened at $60.53 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $46.24 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.69 and a beta of 0.91. The stock’s fifty day simple moving average is $56.79 and its 200 day simple moving average is $84.58. Dell Technologies Inc. has a 52-week low of $36.19 and a 52-week high of $60.77.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 23rd. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.19. The business had revenue of $28.41 billion for the quarter, compared to analysts’ expectations of $27.02 billion. Dell Technologies had a return on equity of 74.56% and a net margin of 6.46%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 7.24 earnings per share for the current year.

In other news, insider William F. Scannell sold 91,938 shares of Dell Technologies stock in a transaction on Friday, December 10th. The stock was sold at an average price of $57.61, for a total transaction of $5,296,548.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William F. Scannell sold 155,090 shares of Dell Technologies stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $57.00, for a total value of $8,840,130.00. The disclosure for this sale can be found here. Insiders sold a total of 373,986 shares of company stock worth $25,505,083 over the last 90 days. Insiders own 47.00% of the company’s stock.

Several brokerages have weighed in on DELL. Barclays began coverage on Dell Technologies in a research note on Tuesday, November 2nd. They set an “equal weight” rating and a $59.00 target price on the stock. Morgan Stanley lifted their target price on Dell Technologies from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 24th. Sanford C. Bernstein raised Dell Technologies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $35.57 to $72.00 in a research note on Monday, January 10th. Citigroup began coverage on Dell Technologies in a research note on Friday, September 17th. They set a “buy” rating on the stock. Finally, Raymond James cut their target price on Dell Technologies from $121.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $97.50.

Dell Technologies Company Profile

Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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

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