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

SeaCrest Wealth Management LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 59.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,974 shares of the technology company's stock after selling 5,846 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Dell Technologies were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Financial Group LLC purchased a new position in Dell Technologies in the 4th quarter valued at approximately $298,000. Shorepath Capital Management LLC grew its holdings in shares of Dell Technologies by 14.4% during the 4th quarter. Shorepath Capital Management LLC now owns 65,433 shares of the technology company's stock valued at $7,540,000 after purchasing an additional 8,257 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Dell Technologies by 9.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 13,825 shares of the technology company's stock worth $1,593,000 after purchasing an additional 1,159 shares during the period. Sunflower Bank N.A. raised its holdings in Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after buying an additional 98 shares during the last quarter. Finally, Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $1,272,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

DELL stock traded down $0.46 on Friday, reaching $109.65. The company had a trading volume of 6,285,169 shares, compared to its average volume of 7,210,964. The company has a market cap of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The company's fifty day moving average is $124.04 and its 200 day moving average is $120.75. Dell Technologies Inc. has a 1 year low of $77.70 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 EPS. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. Dell Technologies's payout ratio is currently 31.45%.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies 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 completion of the sale, the director now owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction 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 sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 in the last quarter. Company insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DELL. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Mizuho cut 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. Finally, Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Dell Technologies Company 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).