First Hawaiian Bank Boosts Position in Dell Technologies Inc. (NYSE:DELL)

First Hawaiian Bank lifted its position in Dell Technologies Inc. (NYSE:DELL) by 52.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,868 shares of the technology company’s stock after purchasing an additional 7,181 shares during the quarter. First Hawaiian Bank’s holdings in Dell Technologies were worth $2,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intrepid Financial Planning Group LLC increased its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the last quarter. Smithfield Trust Co increased its position in shares of Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after acquiring an additional 84 shares during the last quarter. Graypoint LLC raised its stake in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the period. Affinity Wealth Management LLC lifted its holdings in shares of Dell Technologies by 2.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after acquiring an additional 87 shares during the last quarter. Finally, ASB Consultores LLC boosted its position in shares of Dell Technologies by 4.6% during the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after purchasing an additional 87 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 946,132 shares of company stock worth $115,666,897. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.7 %

Shares of NYSE:DELL opened at $119.23 on Thursday. The firm has a 50 day simple moving average of $125.92 and a 200-day simple moving average of $121.67. Dell Technologies Inc. has a twelve month low of $76.90 and a twelve month high of $179.70. The company has a market capitalization of $83.52 billion, a PE ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating 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 191.91%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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 $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Citigroup cut their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Mizuho reduced their target price 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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

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).