Comerica Bank Buys 6,689 Shares of Dell Technologies Inc. (NYSE:DELL)

Comerica Bank grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,203 shares of the technology company's stock after buying an additional 6,689 shares during the period. Comerica Bank's holdings in Dell Technologies were worth $8,205,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $198,000. Franklin Resources Inc. raised its position in Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after purchasing an additional 1,002,117 shares in the last quarter. Retirement Systems of Alabama bought a new position in Dell Technologies during the third quarter worth about $7,435,000. Principal Financial Group Inc. boosted its holdings in Dell Technologies by 59.3% during the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company's stock valued at $54,449,000 after purchasing an additional 170,984 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 111 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 2.0 %

Shares of NYSE:DELL traded up $1.84 during mid-day trading on Wednesday, reaching $95.79. The stock had a trading volume of 5,211,589 shares, compared to its average volume of 10,385,507. The firm has a market cap of $66.85 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm has a 50 day simple moving average of $90.25 and a two-hundred day simple moving average of $109.54. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DELL shares. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Bank of America decreased their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. UBS Group reduced their price objective on 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, The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.65.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was 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 directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is owned by company insiders.

About Dell Technologies

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).