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Directors at Dell Technologies Inc (NASDAQ:NYSE:DELL), currently valued at $83.9 billion, collectively sold 3,900 shares of Class C Common Stock on July 16, 2025, for a total value of $488,631. The shares were sold at $125.29, close to the stock’s current trading price of $123.57. According to InvestingPro analysis, the stock is currently fairly valued based on its proprietary Fair Value model.
The sales were executed by several entities affiliated with Silver Lake Group, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. and Silver Lake Technology Investors V, L.P.. The prices for these sales ranged from $125.04 to $125.42.
On the same day, these entities also converted Class B Common Stock into Class C Common Stock. SL SPV-2, L.P. converted 2,033 shares, Silver Lake Partners IV, L.P. converted 2,087 shares, Silver Lake Partners V DE (AIV), L.P. converted 1,129 shares, Silver Lake Technology Investors IV, L.P. converted 31 shares and Silver Lake Technology Investors V, L.P. converted 14 shares.
In other recent news, Dell Technologies has reported the conversion of 3,421,793 Class B shares into Class C shares by Silver Lake Partners, with both classes of shares retaining equal dividend and liquidation rights. This conversion was conducted without registration, relying on an exemption from the Securities Act of 1933. Mizuho (NYSE:MFG) has raised Dell’s price target to $150, maintaining an Outperform rating, citing the company’s AI server wins and increased fiscal revenue forecasts for 2026 and 2027. Meanwhile, KeyBanc initiated coverage on Dell with a Sector Weight rating, acknowledging the company’s strong management and financial profile, but expressing concerns over gross margins due to growth in the AI Server business. Additionally, Dell was among several tech companies affected by a Wall Street Journal report on federal contract spending cuts, as the General Services Administration urged cost-cutting measures for its contracts. The GSA’s initiative is part of a strategy to consolidate federal purchasing and reduce taxpayer costs. In collaboration with CoreWeave, Dell played a role in deploying NVIDIA (NASDAQ:NVDA)’s GB300 NVL72 AI platform, which marks a significant advancement in AI infrastructure.
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