M&T Bank Corp Grows Stock Position in Dell Technologies Inc. (NYSE:DELL)

M&T Bank Corp grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 32.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,383 shares of the technology company’s stock after purchasing an additional 9,630 shares during the quarter. M&T Bank Corp’s holdings in Dell Technologies were worth $4,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the period. Alkeon Capital Management LLC raised its stake in Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after acquiring an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Dell Technologies by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after purchasing an additional 29,717 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the completion of the sale, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. This represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,376,935 shares of company stock valued at $1,620,145,762 over the last quarter. 46.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DELL. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Price Performance

Dell Technologies stock opened at $119.19 on Friday. The stock has a market capitalization of $83.72 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The business has a 50 day simple moving average of $128.18 and a 200-day simple moving average of $125.37. Dell Technologies Inc. has a 12 month low of $69.26 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

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).