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

Shorepath Capital Management LLC lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,433 shares of the technology company's stock after purchasing an additional 8,257 shares during the period. Dell Technologies comprises 5.4% of Shorepath Capital Management LLC's portfolio, 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Miracle Mile Advisors LLC raised its position in shares of Dell Technologies by 9.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 13,825 shares of the technology company's stock valued at $1,593,000 after buying an additional 1,159 shares during the last quarter. Sunflower Bank N.A. raised its stake in Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after purchasing an additional 98 shares in the last quarter. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter valued at $1,272,000. Persium Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth $746,000. Finally, Wedmont Private Capital purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $247,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DELL shares. Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Finally, Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.06.

Dell Technologies Trading Down 1.1 %

Shares of Dell Technologies stock traded down $1.18 during trading on Tuesday, hitting $108.99. 8,362,586 shares of the stock traded hands, compared to its average volume of 7,231,614. The stock's fifty day simple moving average is $125.11 and its 200 day simple moving average is $121.03. The firm has a market cap of $76.55 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.63%. Dell Technologies's dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock worth $115,573,009 in the last three months. 46.70% of the stock is owned by insiders.

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).