Investment Management Corp of Ontario Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Investment Management Corp of Ontario boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 42.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,350 shares of the technology company’s stock after acquiring an additional 4,011 shares during the period. Investment Management Corp of Ontario’s holdings in Dell Technologies were worth $1,538,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allen Capital Group LLC raised its position 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 valued at $338,000 after purchasing an additional 95 shares during the last quarter. Brooklyn Investment Group increased its holdings in Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after buying an additional 96 shares during the period. Sunflower Bank N.A. increased its holdings in Dell Technologies by 3.1% in the 4th 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 increased 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 during the period. Finally, Tortoise Investment Management LLC increased its holdings in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $96.02 on Monday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company has a market cap of $67.01 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99. The business has a 50-day simple moving average of $90.16 and a 200-day simple moving average of $108.92.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. Dell Technologies’s payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related 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 transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DELL. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. UBS Group dropped their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $134.65.

Dell Technologies Company 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).