Dell technologies sees $21.8 million in sales by Silver Lake entities

Entities associated with Silver Lake, a major shareholder in Dell Technologies Inc. (NYSE:DELL), executed sales of Class C Common Stock totaling $21.8 million on July 15, 2025. The sales were executed at prices ranging from $125.9 to $127.56. The transaction occurred as Dell’s stock trades near $123.57, with a market capitalization of $83.9 billion. According to InvestingPro data, the stock has demonstrated strong momentum, delivering robust returns over multiple timeframes.

The transactions involved multiple entities related to Silver Lake. These entities include SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., among others. Notably, 14 analysts have recently revised their earnings expectations upward for Dell, with price targets ranging from $104 to $155 per share.

In addition to the sales, the same entities also converted Class B Common Stock into Class C Common Stock. The conversions were related to the sales described above. A total of 234,847 shares of Class B Common Stock were converted into Class C Common Stock. For deeper insights into Dell’s valuation and 12 additional exclusive ProTips, visit InvestingPro.

In other recent news, Dell Technologies reported the conversion of 3,421,793 Class B shares into Class C shares by Silver Lake Partners, impacting the company’s stock structure. This conversion was executed without registration, relying on an exemption from the Securities Act of 1933. Meanwhile, Mizuho (NYSE:MFG) raised its price target for Dell to $150, citing anticipated gains in AI server market share and the company’s robust financial capabilities. Mizuho’s fiscal 2026 and 2027 revenue forecasts for Dell were also increased, highlighting the company’s potential for growth in AI and PC sectors.

Additionally, KeyBanc initiated coverage on Dell with a Sector Weight rating, acknowledging the company’s strong management and financial profile. However, KeyBanc expressed concerns about Dell’s gross margins due to growth in the AI server business and limited growth prospects for its Client Solutions Group. In another development, Dell was among several tech firms affected by the U.S. government’s initiative to cut federal contract spending, as reported by the Wall Street Journal. The General Services Administration’s move to consolidate purchasing and reduce costs led to a decline in Dell’s stock, reflecting broader concerns within the tech sector.

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