First Hawaiian Bank Increases Stock Position in Dell Technologies Inc. $DELL

Key Points

• First Hawaiian Bank increased its stake in Dell Technologies Inc. by 67.1%, acquiring an additional 14,010 shares, bringing its total holdings to 34,878 shares valued at approximately $3.18 million.
• Insider trading activity shows that Dell Technologies saw significant sales, with insiders divesting a total of 11.6 million shares worth over $1.4 billion in the last 90 days.
• Recently, Dell reported a quarterly earnings per share of $2.32, surpassing analysts’ expectations, and announced a dividend of $0.525 per share to be paid on October 31st.

First Hawaiian Bank increased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,878 shares of the technology company's stock after purchasing an additional 14,010 shares during the quarter. First Hawaiian Bank's holdings in Dell Technologies were worth $3,179,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies in the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies in the 1st quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. increased its position in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the period. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director directly owned 45,045 shares of the company's stock, valued at $6,306,300. This trade represents a 52.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,618,897 shares of company stock valued at $1,428,008,024. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL traded down $0.39 during midday trading on Friday, hitting $124.98. 4,363,546 shares of the company traded hands, compared to its average volume of 6,567,567. The stock has a market cap of $84.03 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The firm has a 50 day moving average of $129.36 and a 200-day moving average of $111.00.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The business had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. KeyCorp started coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Citigroup boosted their price target on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. The Goldman Sachs Group set a $140.00 price objective on shares of Dell Technologies and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, TD Cowen lifted their price objective on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $146.31.

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).