OMERS ADMINISTRATION Corp Lowers Stake in Dell Technologies Inc. (NYSE:DELL)

OMERS ADMINISTRATION Corp lowered its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and 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 and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors raised its holdings in shares of Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares during the period. Norges Bank acquired a new position in Dell Technologies in the 4th quarter valued at about $455,029,000. Finally, Northern Trust Corp raised its stake in Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after acquiring an additional 460,483 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Dell Technologies stock traded up $3.42 during mid-day trading on Friday, reaching $114.29. The company had a trading volume of 5,431,892 shares, compared to its average volume of 10,378,889. The stock's 50-day simple moving average is $91.82 and its 200-day simple moving average is $108.53. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The company has a market capitalization of $79.75 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 1.84%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DELL shares. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Evercore ISI lowered their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Raymond James boosted their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

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).