Shorepath Capital Management LLC Increases Position in Dell Technologies Inc. (NYSE:DELL)

Shorepath Capital Management LLC lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,848 shares of the technology company's stock after purchasing an additional 2,415 shares during the period. Dell Technologies comprises 4.7% of Shorepath Capital Management LLC's portfolio, making the stock its 11th largest holding. Shorepath Capital Management LLC's holdings in Dell Technologies were worth $6,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC grew its stake in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after acquiring an additional 100 shares in the last quarter. Tortoise Investment Management LLC grew its stake in shares of Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors grew its stake in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares in the last quarter. Center for Financial Planning Inc. grew its stake in shares of Dell Technologies by 47.4% in the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock worth $40,000 after buying an additional 111 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of Dell Technologies by 6.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after acquiring an additional 118 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 1.7%

Shares of NYSE DELL opened at $113.77 on Monday. The firm has a 50-day simple moving average of $96.79 and a 200-day simple moving average of $106.07. The stock has a market capitalization of $79.39 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the company earned $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,091 shares of company stock valued at $8,608,142. 42.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Loop Capital lowered their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Raymond James boosted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.