SeaCrest Wealth Management LLC Has $458,000 Position in Dell Technologies Inc. (NYSE:DELL)

SeaCrest Wealth Management LLC decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 59.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,974 shares of the technology company’s stock after selling 5,846 shares during the period. SeaCrest Wealth Management LLC’s holdings in Dell Technologies were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Clean Yield Group acquired a new stake in Dell Technologies during the 3rd quarter valued at approximately $25,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% during the third 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 period. Nemes Rush Group LLC bought a new position in Dell Technologies during the second quarter worth $33,000. MCF Advisors LLC lifted its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares during the period. Finally, Covestor Ltd boosted its position in Dell Technologies by 290.7% during 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 during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Up 0.9 %

Shares of Dell Technologies stock opened at $110.17 on Friday. The stock has a fifty day simple moving average of $124.04 and a 200 day simple moving average of $120.75. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70. The company has a market capitalization of $77.17 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its 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 company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced 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. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DELL shares. Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley boosted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price 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, Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is owned by insiders.

Dell Technologies Profile

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).