Dell Technologies Inc. (NYSE:DELL) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,225 shares of the technology company's stock after selling 19,164 shares during the period. Dell Technologies makes up 1.4% of MRP Capital Investments LLC's portfolio, making the stock its 28th biggest position. MRP Capital Investments LLC's holdings in Dell Technologies were worth $1,241,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. ORG Partners LLC increased its position in shares of Dell Technologies by 19.0% in the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company's stock worth $67,000 after acquiring an additional 140 shares in the last quarter. NewEdge Wealth LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at $371,000. Westwood Management Corp IL boosted its stake in shares of Dell Technologies by 881.7% in the fourth quarter. Westwood Management Corp IL now owns 58,900 shares of the technology company's stock valued at $4,506,000 after purchasing an additional 52,900 shares during the period. Friedenthal Financial purchased a new position in shares of Dell Technologies in the fourth quarter valued at $48,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at $12,342,000. Institutional investors and hedge funds own 38.10% of the company's stock.

Dell Technologies Price Performance

Shares of DELL stock traded down $6.28 during trading hours on Friday, reaching $117.76. The stock had a trading volume of 7,474,539 shares, compared to its average volume of 7,275,855. Dell Technologies Inc. has a twelve month low of $41.47 and a twelve month high of $136.16. The firm has a 50-day simple moving average of $105.57 and a 200-day simple moving average of $84.48. The firm has a market capitalization of $84.06 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to analysts' expectations of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies's quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. This is a boost from Dell Technologies's previous quarterly dividend of $0.37. Dell Technologies's payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Loop Capital began coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a "buy" rating and a $125.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Finally, Barclays increased their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $102.88.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 624,450 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total value of $74,809,110.00. Following the transaction, the chief executive officer now owns 39,787,791 shares of the company's stock, valued at approximately $4,766,577,361.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the transaction, the director now directly owns 293,812 shares in the company, valued at $23,155,323.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 624,450 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company's stock, valued at $4,766,577,361.80. The disclosure for this sale can be found here. Insiders have sold 9,562,176 shares of company stock valued at $969,065,630 in the last quarter. Insiders own 48.60% of the company's stock.

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).

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