M&T Bank Corp Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

M&T Bank Corp raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,046 shares of the technology company’s stock after buying an additional 1,663 shares during the quarter. M&T Bank Corp’s holdings in Dell Technologies were worth $4,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new stake in Dell Technologies in the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares in the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $848,000. Finally, Empowered Funds LLC lifted its stake in shares of Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DELL shares. TD Cowen reduced their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Down 1.8 %

Shares of DELL opened at $91.37 on Friday. The business’s 50 day moving average is $110.13 and its two-hundred day moving average is $117.72. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The firm has a market cap of $64.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,662 shares of company stock valued at $100,414,453 in the last three months. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).