M&T Bank Corp Has $2.23 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

M&T Bank Corp lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 10.9% in the 4th quarter, HoldingsChannel reports. The fund owned 29,201 shares of the technology company’s stock after selling 3,585 shares during the quarter. M&T Bank Corp’s holdings in Dell Technologies were worth $2,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in Dell Technologies by 27.2% in the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after acquiring an additional 58,590 shares in the last quarter. Nordea Investment Management AB increased its position in Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after acquiring an additional 142,337 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after acquiring an additional 272,144 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Dell Technologies by 13.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock valued at $6,226,000 after purchasing an additional 9,538 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Dell Technologies by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock valued at $102,473,000 after purchasing an additional 164,930 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. TD Cowen increased their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Barclays lifted their price objective on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Evercore ISI increased their target price on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, UBS Group boosted their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $131.75 on Thursday. The stock has a 50 day moving average price of $117.92 and a 200 day moving average price of $91.22. The stock has a market capitalization of $94.04 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a 52 week low of $44.19 and a 52 week high of $136.16.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 40.73%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Michael S. Dell sold 624,450 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total value of $74,809,110.00. Following the transaction, the chief executive officer now owns 39,787,791 shares in the company, valued at approximately $4,766,577,361.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

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).