First Hawaiian Bank increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,868 shares of the technology company's stock after buying 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 also recently added to or reduced their stakes in the company. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% during the 3rd 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 period. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter worth approximately $33,000. MCF Advisors LLC increased its holdings in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after buying an additional 165 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock worth $35,000 after purchasing an additional 218 shares during the period. 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 dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company's stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,666,897 in the last ninety days. Company insiders own 46.70% of the company's stock.
Dell Technologies Price Performance
Shares of NYSE:DELL traded down $2.04 during trading on Thursday, reaching $119.23. 5,131,069 shares of the company's stock traded hands, compared to its average volume of 5,951,066. The company has a 50 day moving average of $125.83 and a 200-day moving average of $121.65. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70. The stock has a market capitalization of $83.52 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.49%. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on DELL shares. Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Citigroup dropped 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $148.06.
View Our Latest Stock Report on DELL
Dell Technologies Profile
(
Free Report)
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).
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