MRP Capital Investments LLC Reduces Position in Dell Technologies Inc. (NYSE:DELL)

MRP Capital Investments LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 15.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,125 shares of the technology company’s stock after selling 2,550 shares during the period. Dell Technologies comprises approximately 1.8% of MRP Capital Investments LLC’s holdings, making the stock its 12th largest position. MRP Capital Investments LLC’s holdings in Dell Technologies were worth $1,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in Dell Technologies in the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies during the first quarter valued at approximately $30,000. Finally, Central Bank & Trust Co. purchased a new position in Dell Technologies during the 1st quarter valued at approximately $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $116.05 on Thursday. The firm has a market cap of $82.31 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a 50-day moving average of $112.20 and a 200 day moving average of $124.34. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays raised their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Citigroup increased their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

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).