Bank of Hawaii Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. International Assets Investment Management LLC boosted its stake in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after purchasing an additional 51,804 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Dell Technologies by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after purchasing an additional 29,717 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after buying an additional 55,763 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $144.16 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock has a fifty day moving average of $126.42 and a two-hundred day moving average of $126.91. The company has a market capitalization of $101.26 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the company earned $1.44 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on DELL. Barclays raised their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Citigroup lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group lowered 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. Finally, TD Cowen cut their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Insiders Place Their Bets

In related 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 value of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 over the last quarter. Company insiders own 46.70% of the company’s stock.

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).