SeaCrest Wealth Management LLC Has $257,000 Stake in Dell Technologies Inc. (NYSE:DELL)

SeaCrest Wealth Management LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 29.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,816 shares of the technology company’s stock after selling 1,158 shares during the period. SeaCrest Wealth Management LLC’s holdings in Dell Technologies were worth $257,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently commented on DELL shares. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. UBS Group dropped their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Dell Technologies Trading Up 1.7%

NYSE DELL opened at $113.77 on Monday. The business’s 50-day moving average price is $96.79 and its two-hundred day moving average price is $106.07. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $161.52. The firm has a market capitalization of $79.39 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now owns 79,928 shares of the company’s stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,091 shares of company stock worth $8,608,142. Company insiders own 42.00% of the company’s stock.

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).