M&T Bank Corp Boosts Position in Dell Technologies (DVMT)

M&T Bank Corp boosted its holdings in Dell Technologies (NYSE:DVMT) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,320 shares of the company’s stock after purchasing an additional 6,258 shares during the quarter. M&T Bank Corp’s holdings in Dell Technologies were worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in Dell Technologies by 182.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock worth $300,744,000 after acquiring an additional 2,389,100 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Dell Technologies by 689.2% during the 4th quarter. Two Sigma Investments LP now owns 1,039,256 shares of the company’s stock worth $84,471,000 after acquiring an additional 907,577 shares during the last quarter. J. Goldman & Co LP boosted its holdings in Dell Technologies by 324.5% during the 4th quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock worth $76,684,000 after acquiring an additional 721,191 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Dell Technologies by 136.0% during the 4th quarter. Two Sigma Advisers LP now owns 1,138,983 shares of the company’s stock worth $92,577,000 after acquiring an additional 656,382 shares during the last quarter. Finally, Coatue Management LLC purchased a new position in Dell Technologies during the 4th quarter worth $40,175,000. 23.02% of the stock is owned by institutional investors and hedge funds.

DVMT has been the topic of a number of analyst reports. Gabelli initiated coverage on shares of Dell Technologies in a report on Wednesday, January 31st. They set a “buy” rating and a $106.00 price objective on the stock. ValuEngine raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. TheStreet raised shares of Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Deutsche Bank initiated coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, Wells Fargo initiated coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $101.00.

Dell Technologies opened at $73.92 on Wednesday, according to Marketbeat.com. The firm has a market cap of $56.67 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.41 and a beta of -0.45. Dell Technologies has a one year low of $72.58 and a one year high of $74.24. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 2.94.

Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, March 8th. The company reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.75. The company had revenue of $21.94 billion for the quarter. Dell Technologies had a positive return on equity of 23.17% and a negative net margin of 4.74%. sell-side analysts forecast that Dell Technologies will post 5.76 EPS for the current fiscal year.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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