First Hawaiian Bank Has $1.63 Million Position in Dell Technologies Inc. (NYSE:DELL)

First Hawaiian Bank reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 26.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,275 shares of the technology company’s stock after selling 5,099 shares during the period. First Hawaiian Bank’s holdings in Dell Technologies were worth $1,629,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Los Angeles Capital Management LLC lifted its holdings in Dell Technologies by 50.2% in the first quarter. Los Angeles Capital Management LLC now owns 24,605 shares of the technology company’s stock valued at $2,808,000 after buying an additional 8,227 shares during the period. Timber Creek Capital Management LLC acquired a new position in Dell Technologies in the first quarter valued at approximately $115,000. Symmetry Partners LLC acquired a new position in Dell Technologies in the first quarter valued at approximately $238,000. Kapitalo Investimentos Ltda acquired a new position in Dell Technologies in the fourth quarter valued at approximately $452,000. Finally, HighPoint Advisor Group LLC acquired a new stake in Dell Technologies in the fourth quarter worth $686,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DELL. Bank of America lifted their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. UBS Group lifted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Barclays lowered their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. Finally, Morgan Stanley restated an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the transaction, the chief executive officer now directly owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the transaction, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The disclosure for this sale can be found here. Insiders sold 5,857,539 shares of company stock valued at $781,118,135 in the last quarter. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 5.0 %

NYSE DELL opened at $149.15 on Thursday. The company has a market capitalization of $106.46 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.85 and a beta of 0.85. Dell Technologies Inc. has a 12-month low of $48.74 and a 12-month high of $179.70. The firm has a 50-day moving average price of $135.36 and a two-hundred day moving average price of $106.74.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).