Mengis Capital Management Inc. Acquires 675 Shares of Dell Technologies Inc. (NYSE:DELL)

Mengis Capital Management Inc. raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,560 shares of the technology company’s stock after purchasing an additional 675 shares during the quarter. Mengis Capital Management Inc.’s holdings in Dell Technologies were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after acquiring an additional 2,641,456 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after acquiring an additional 699,204 shares during the period. Swedbank AB lifted its holdings in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after acquiring an additional 1,690,709 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dell Technologies by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after acquiring an additional 29,717 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $114.08 on Tuesday. The company has a fifty day moving average price of $113.00 and a 200-day moving average price of $118.08. The company has a market capitalization of $79.91 billion, a P/E ratio of 20.16, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the firm earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock valued at $114,418,186 over the last quarter. 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).