OMERS ADMINISTRATION Corp Has $2.61 Million Stake in Dell Technologies Inc. (NYSE:DELL)

OMERS ADMINISTRATION Corp cut its stake in Dell Technologies Inc. (NYSE:DELL) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,676 shares of the technology company’s stock after selling 5,971 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Dell Technologies were worth $2,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $461,000. McGowan Group Asset Management Inc. lifted its holdings in Dell Technologies by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 133,736 shares of the technology company’s stock worth $15,412,000 after acquiring an additional 573 shares during the period. Michael & Susan Dell Foundation purchased a new position in Dell Technologies in the fourth quarter worth $265,052,000. Morse Asset Management Inc grew its stake in Dell Technologies by 58.0% in the 4th quarter. Morse Asset Management Inc now owns 33,532 shares of the technology company’s stock valued at $3,864,000 after purchasing an additional 12,309 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dell Technologies by 19.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,757 shares of the technology company’s stock valued at $6,886,000 after purchasing an additional 9,784 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business’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 value of $86,386.54. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 2.6%

Shares of DELL opened at $110.65 on Thursday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market cap of $77.22 billion, a PE ratio of 19.55, a P/E/G ratio of 1.10 and a beta of 0.99. The business’s 50-day moving average price is $90.96 and its 200-day moving average price is $108.79.

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 paid a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 1.90%. Dell Technologies’s dividend payout ratio is currently 33.76%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research analyst reports. 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. The Goldman Sachs Group dropped their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group decreased their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Loop Capital dropped their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $133.71.

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).