Shorepath Capital Management LLC Has $7.54 Million Position in Dell Technologies Inc. (NYSE:DELL)

Shorepath Capital Management LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 14.4% during the fourth quarter, Holdings Channel reports. 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 makes up about 5.4% of Shorepath Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Shorepath Capital Management LLC’s holdings in Dell Technologies were worth $7,540,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in Dell Technologies in the third quarter valued at approximately $25,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Nemes Rush Group LLC bought a new stake in Dell Technologies during the second quarter worth about $33,000. MCF Advisors LLC increased its holdings in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 945,407 shares of company stock valued at $115,573,009. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 4.1 %

DELL stock opened at $110.08 on Tuesday. The firm has a market cap of $77.32 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.25 and a beta of 0.90. The company’s fifty day simple moving average is $125.11 and its 200 day simple moving average is $121.03. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued 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 dividend payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DELL shares. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

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).