First Hawaiian Bank Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

First Hawaiian Bank increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,878 shares of the technology company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was 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.

Analyst Ratings Changes

Several research firms have recently weighed in on DELL. Citigroup raised their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday. Mizuho raised their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. TD Cowen raised their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Down 2.1%

NYSE:DELL traded down $2.42 on Friday, reaching $111.21. The company's stock had a trading volume of 19,189,102 shares, compared to its average volume of 10,032,766. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52. The stock has a 50 day moving average price of $95.00 and a 200 day moving average price of $107.27. The firm has a market cap of $77.61 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

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).