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Silver Lake Technology Investors V, L.P. and affiliated entities sold $22.8 million worth of Dell Technologies Inc (NYSE:DELL) Class C Common Stock on October 6 and 7, 2025. The sales occurred at a weighted average price ranging from $146.73 to $149.09 per share. Dell’s stock has shown remarkable strength, surging 110% over the past six months and currently trading near its 52-week high of $154.70. InvestingPro analysis indicates the stock may be slightly overvalued at current levels, with a market capitalization of $109.79 billion.
The sales were executed by several Silver Lake affiliated entities, including SLTA V (GP), L.L.C., Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors V, L.P. These entities also converted Class B Common Stock into Class C Common Stock. The conversion price for these transactions was $0.
On October 7, 2025, the entities exercised their option to convert Class B Common Stock into Class C Common Stock.
In other recent news, Dell Technologies has made significant updates to its financial outlook. The company announced an increase in its long-term annual revenue growth target to 7-9%, up from the previous 3-4%, and nearly doubled its annual non-GAAP diluted earnings per share growth target to 15% or better. Additionally, Dell extended its commitment to increase its quarterly dividend by 10% or more annually through fiscal 2030. In the realm of analyst evaluations, UBS raised its price target for Dell to $186 from $155, citing sustainable growth in AI server revenue. Mizuho also increased its price target to $170 from $160, highlighting robust demand in Dell’s AI segments. Melius Research set an even higher price target of $200, driven by expectations of accelerated earnings per share growth due to enterprise AI adoption. Raymond James reiterated its Outperform rating with a $152 price target, noting that Dell’s AI-related activity has surpassed previous forecasts. These developments reflect Dell’s strategic focus on artificial intelligence and its impact on the company’s future growth.
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