Bank of Hawaii Takes Position in Dell Technologies Inc. (NYSE:DELL)

Bank of Hawaii purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,953 shares of the technology company’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter valued at about $28,000. Clean Yield Group acquired a new stake in Dell Technologies during the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the 2nd quarter worth approximately $33,000. Crewe Advisors LLC acquired a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,954,112 shares of company stock valued at $2,113,449,139. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $144.16 on Tuesday. The firm has a fifty day moving average of $126.42 and a 200-day moving average of $126.91. The company has a market cap of $101.26 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. Analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.23%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analyst Ratings Changes

DELL has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies 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).