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

MRP Capital Investments LLC reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,850 shares of the technology company’s stock after selling 250 shares during the period. Dell Technologies comprises 1.6% of MRP Capital Investments LLC’s portfolio, making the stock its 17th largest position. MRP Capital Investments LLC’s holdings in Dell Technologies were worth $1,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DELL. Optimist Retirement Group LLC raised its holdings in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Dell Technologies by 18.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company’s stock valued at $474,000 after acquiring an additional 622 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Dell Technologies by 910.1% in the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock valued at $4,193,000 after acquiring an additional 31,873 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Dell Technologies by 529.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after purchasing an additional 11,783 shares during the last quarter. Finally, Quest Partners LLC increased its stake in Dell Technologies by 17.0% during the third quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after purchasing an additional 201 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 824,937 shares of company stock worth $100,327,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL opened at $98.75 on Friday. The business’s 50-day moving average is $105.93 and its 200-day moving average is $116.69. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The company has a market capitalization of $69.17 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen lowered their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

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).