5 Technology Stocks to Buy According to Kevin Mccarthy’s Breakline Capital

1. Dell Technologies Inc. (NYSE:DELL)

Breakline Capital’s Stake Value: $9,808,000
Percentage of Breakline Capital’s 13F Portfolio: 13.22%
Number of Hedge Fund Holders: 62

Dell Technologies Inc. (NYSE:DELL) provides information technology hardware, software, and service solutions via its subsidiaries. Due to the recent market fall, Evercore ISI analyst Amit Daryanani upgraded Dell Technologies Inc. (NYSE:DELL) to Outperform from In-Line with a $60 price target on April 8.

Breakline Capital holds 174,620 shares in Dell Technologies Inc. (NYSE:DELL), worth $9.81 million. This represents 13.22% of its portfolio. The hedge fund’s stake in Dell Technologies Inc. (NYSE:DELL) increased by 84% in the fourth quarter of 2021.

In the fourth quarter of 2021, 62 hedge funds were bullish on Dell Technologies Inc. (NYSE:DELL), up from 60 funds in the quarter earlier. Paul Singer’s Elliott Management is one of the most significant Dell Technologies Inc. (NYSE:DELL) stakeholders, with over 9.48 million shares worth $532.71 million.

Third Point Management mentioned Dell Technologies Inc. (NYSE:DELL) in its third quarter 2021 investor letter. Here is what the fund said:

“Michael Dell has created substantial value for shareholders since re-listing the company several years ago. Earlier this year, Dell Technologies announced that it would be spinning its $50 billion stake in VMWare, which we believe will unlock the underappreciated value of the Dell server and PC businesses. Dell’s best attribute has been strong free cash flow generation, which the company has used to de-lever and create significant latent value for equity holders. Looking ahead, we believe this core Dell business, which still trades at a discount to its hardware peer group, should instead command a premium multiple thanks to its leading market share, profitability, and impressive execution. There are few large cap companies which possess a nearly 10% FCF yield, 2.5% dividend yield and 1.5x leverage ratio; Dell is one of them.”

You can also take a peek at 10 Real Estate Stocks to Buy Now According to Charles Fitzgerald’s V3 Capital and 10 Stocks to Buy Now According to Leonard A. Potter’s Wildcat Capital Management.

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