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% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,560 shares of the technology company’s stock after acquiring 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Covestor Ltd boosted its stake in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after acquiring an additional 218 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth $37,000. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DELL. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Finally, Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Dell Technologies Price Performance

Dell Technologies stock opened at $114.08 on Tuesday. The firm has a market capitalization of $79.91 billion, a PE ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.90. The company’s 50-day moving average is $113.00 and its 200-day moving average is $118.08. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. As a group, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were 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 approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale 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 dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 in the last ninety days. Insiders own 46.70% of the company’s stock.

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).