M&T Bank Corp Boosts Stock Position in Dell Technologies Inc. $DELL

Key Points

• M&T Bank raised its Dell stake 24.8% in Q4 to 30,320 shares (~$3.82M), joining other institutional buyers (Vanguard, State Street, Invesco, Wellington) as institutions now own about 76.37% of the stock.
• Insiders sold heavily recently — 3,571,688 shares worth ~$576.65M were sold in the last 90 days (including William Scannell's $23.6M sale and the CFO's $3.56M sale), though company insiders still control about 42% of shares.
• Dell beat Q4 estimates with $3.89 EPS and $33.38B revenue (up 39.5% YoY), raised its quarterly dividend to $0.63, and the stock is trading near a 12‑month high (~$239) amid mixed analyst upgrades and a consensus "Moderate Buy."

M&T Bank Corp boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,320 shares of the technology company's stock after purchasing an additional 6,019 shares during the quarter. M&T Bank Corp's holdings in Dell Technologies were worth $3,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock valued at $3,957,850,000 after acquiring an additional 1,355,841 shares during the last quarter. State Street Corp increased its holdings in shares of Dell Technologies by 2.5% in the 3rd quarter. State Street Corp now owns 14,450,258 shares of the technology company's stock valued at $2,048,613,000 after acquiring an additional 350,941 shares during the last quarter. Invesco Ltd. grew its stake in Dell Technologies by 82.3% during the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company's stock worth $688,315,000 after buying an additional 2,191,317 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Dell Technologies by 19.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,840,921 shares of the technology company's stock worth $544,670,000 after buying an additional 637,189 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock worth $426,129,000 after buying an additional 2,937,137 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on Dell Technologies from $172.00 to $167.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. The Goldman Sachs Group upped their price objective on Dell Technologies from $215.00 to $230.00 in a research note on Thursday, April 30th. Wall Street Zen upgraded Dell Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $165.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, April 16th. Finally, Wolfe Research initiated coverage on Dell Technologies in a research note on Thursday, April 9th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.84.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 143,067 shares of the business's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares of the company's stock, valued at $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Alan Kennedy sold 19,500 shares of the business's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares in the company, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,571,688 shares of company stock valued at $576,654,105 over the last ninety days. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 10.6%

Shares of Dell Technologies stock opened at $239.19 on Thursday. The stock's fifty day moving average is $173.41 and its 200-day moving average is $145.47. The firm has a market capitalization of $154.46 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. Dell Technologies Inc. has a 12-month low of $92.88 and a 12-month high of $239.45.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies's revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Analysts expect that Dell Technologies Inc. will post 11.9 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, April 21st. Dell Technologies's payout ratio is presently 28.90%.

Key Headlines Impacting Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: TotalEnergies selected Dell (with NVIDIA) to build Pangea 5, a next‑generation AI supercomputer that will multiply TotalEnergies’ computing power roughly sixfold — a meaningful commercial win and reference account for Dell’s data‑center and AI infrastructure business. TotalEnergies Pens AI Supercomputer Deal With Nvidia & Dell
• Positive Sentiment: Mizuho raised its price target on DELL to $260 with an “outperform,” which provides analyst validation for upside and may attract momentum and institutional buying. Mizuho raises price target on Dell
• Positive Sentiment: Unusually large call‑option activity: traders bought ~52,342 DELL calls (≈ +18% vs. average), a short‑term bullish flow that can amplify upside as hedging and gamma demand push shares.
• Positive Sentiment: Dell expanded its regulated‑AI go‑to‑market by integrating Trust3’s governance into its storage/AI stack — strengthens enterprise sales pitch into healthcare, financial services and public sector customers. Dell Targets Regulated AI Growth With Trust3 Data Governance Integration
• Neutral Sentiment: Dell’s board approved redomestication from Delaware to Texas — a corporate‑governance/tax/legal move that could have long‑term cost/benefit implications but is unlikely to change near‑term fundamentals. Dell plans reincorporate Texas
• Neutral Sentiment: Jim Cramer and other media mentioned Dell among AI/data center winners, which can boost retail interest but is a sentiment driver rather than a fundamental change. Cramer's AI Winners List
• Negative Sentiment: Dell granted COO Clarke ~$132M in performance‑linked stock options — could create dilution or be viewed as a large compensation expense if targets are met; investors may weigh alignment vs. dilution risk. Dell Offers COO Clarke $132 Mn in Performance-Linked Stock Options
• Negative Sentiment: Reports of insider selling in April show executives trimming positions; mixed signals that some insiders are locking gains even as institutions buy. Leading Insider Sales: April Activity Ramps

Dell Technologies Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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