Mengis Capital Management Inc. Decreases Stake in Dell Technologies Inc. $DELL

Mengis Capital Management Inc. reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.9% in the second quarter, Holdings Channel reports. The fund owned 18,310 shares of the technology company’s stock after selling 175 shares during the quarter. Mengis Capital Management Inc.’s holdings in Dell Technologies were worth $2,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the period. Boston Partners raised its position in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after buying an additional 1,312,600 shares in the last quarter. Deutsche Bank AG raised its position in shares of Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after buying an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC raised its position in shares of Dell Technologies by 41.4% during the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after buying an additional 931,032 shares in the last quarter. Finally, Invesco Ltd. raised its position in Dell Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after purchasing an additional 502,764 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Down 5.2%

DELL opened at $156.05 on Friday. The firm has a 50 day moving average price of $133.51 and a 200-day moving average price of $116.47. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The stock has a market capitalization of $104.92 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.12 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is currently 30.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DELL shares. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays boosted their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday. Daiwa Capital Markets boosted their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Finally, Citigroup boosted their price objective on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.53.

Insiders Place Their Bets

In other news, Director William D. Green sold 65,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total value of $9,782,500.00. Following the completion of the sale, the director directly owned 47,619 shares of the company’s stock, valued at $7,166,659.50. This represents a 57.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,191,683 shares of company stock valued at $578,511,613. Corporate insiders own 42.00% 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).