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

First Hawaiian Bank lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 67.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,878 shares of the technology company’s stock after buying an additional 14,010 shares during the period. First Hawaiian Bank’s holdings in Dell Technologies were worth $3,179,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Allen Capital Group LLC increased its holdings in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after buying an additional 95 shares during the period. Bogart Wealth LLC increased its holdings in shares of Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the period. Vanguard Capital Wealth Advisors increased its holdings in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock valued at $207,000 after purchasing an additional 100 shares during the period. Finally, Spire Wealth Management increased its holdings in Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company’s stock valued at $379,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DELL. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. TD Cowen reduced their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.82.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 0.2%

Shares of DELL opened at $113.60 on Friday. The business’s 50 day moving average price is $94.75 and its 200-day moving average price is $107.45. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $178.84. The stock has a market cap of $79.27 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

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).