M&T Bank Corp Purchases 9,630 Shares of Dell Technologies Inc. (NYSE:DELL)

M&T Bank Corp raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 32.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at approximately $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at $28,000. True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $33,000. Finally, Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter valued at about $34,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company's stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 500,000 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $117.93, for a total transaction of $58,965,000.00. Following the completion of the transaction, the chief executive officer now owns 36,412,241 shares in the company, valued at approximately $4,294,095,581.13. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,376,935 shares of company stock worth $1,620,145,762 over the last quarter. 46.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, August 30th. UBS Group cut their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. Citigroup reduced their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $148.06.

Dell Technologies Stock Performance

NYSE DELL traded down $0.76 on Friday, reaching $118.42. The company had a trading volume of 5,928,434 shares, compared to its average volume of 10,074,571. The firm has a market capitalization of $83.18 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $70.89 and a 1-year high of $179.70. The company's fifty day moving average is $128.25 and its 200-day moving average is $125.32.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.

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).