Dell Technologies Inc. (NYSE:DELL) is Shorepath Capital Management LLC’s 8th Largest Position

Shorepath Capital Management LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,433 shares of the technology company’s stock after buying an additional 8,257 shares during the quarter. Dell Technologies accounts for 5.4% of Shorepath Capital Management LLC’s holdings, making the stock its 8th largest holding. Shorepath Capital Management LLC’s holdings in Dell Technologies were worth $7,540,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter worth approximately $25,000. True Wealth Design LLC grew its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter valued at $33,000. MCF Advisors LLC increased its position in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DELL. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Finally, Barclays increased 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 note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Down 4.1 %

Shares of NYSE:DELL opened at $110.08 on Tuesday. The company’s fifty day moving average is $125.11 and its two-hundred day moving average is $121.03. The company has a market cap of $77.32 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

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).