Bank of Hawaii Acquires New Shares in Dell Technologies Inc. (NYSE:DELL)

Bank of Hawaii bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,953 shares of the technology company's stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at about $34,000. 38.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company's stock, valued at approximately $2,070,058,298.40. The trade was a 37.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein cut their target price on Dell Technologies from $155.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Evercore ISI reiterated an "outperform" rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a "neutral" rating and a $120.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $146.50.

Dell Technologies Trading Down 1.7 %

NYSE DELL traded down $2.45 during trading hours on Tuesday, hitting $141.71. The company's stock had a trading volume of 12,355,298 shares, compared to its average volume of 10,016,068. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The company has a market capitalization of $99.54 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The company's 50-day simple moving average is $126.42 and its two-hundred day simple moving average is $126.91.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.26%. Dell Technologies's dividend payout ratio (DPR) is 32.72%.

About Dell Technologies

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).