Dell Technologies Inc. (NYSE:DELL) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 98.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,297 shares of the technology company's stock after selling 495,246 shares during the period. Canada Pension Plan Investment Board's holdings in Dell Technologies were worth $1,071,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after buying an additional 463 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dell Technologies during the third quarter valued at approximately $894,000. Morse Asset Management Inc boosted its stake in Dell Technologies by 180.1% in the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock valued at $2,516,000 after acquiring an additional 13,646 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Dell Technologies in the third quarter worth $198,000. Finally, Tidal Investments LLC increased its position in shares of Dell Technologies by 49.0% during the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock worth $17,471,000 after purchasing an additional 48,436 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. TD Cowen dropped their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Bank of America cut 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. Finally, OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $134.65.

Dell Technologies Trading Down 1.3 %

Dell Technologies stock traded down $1.26 during mid-day trading on Monday, hitting $93.63. The company had a trading volume of 1,033,800 shares, compared to its average volume of 10,373,176. The company has a market capitalization of $65.34 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.10 and a beta of 0.94. The company's fifty day moving average is $93.29 and its 200-day moving average is $111.07. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.24%. Dell Technologies's payout ratio is presently 33.76%.

Insiders Place Their Bets

In other 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 value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 46.70% of the company's stock.

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).