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Dell Technologies Inc. (NYSE:DELL), currently valued at $83.45 billion, recently witnessed significant stock activity as Silver Lake, a major stakeholder, sold shares worth approximately $59.75 million. The Class C Common Stock transactions occurred on January 8, 2025, with prices ranging from $119.67 to $120.27 per share. According to InvestingPro analysis, Dell's stock is currently trading near its Fair Value, following an impressive 57% return over the past year.
Silver Lake, through various affiliated entities, executed multiple transactions involving the sale of Dell's Class C Common Stock. These transactions were carried out by different Silver Lake affiliates, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., among others. Notably, InvestingPro data reveals that while this sale occurs, Dell's management has been actively buying back shares, demonstrating confidence in the company's future.
Following these sales, the shares owned by the reporting entities were adjusted accordingly. For instance, SL SPV-2, L.P. now holds 210,543 shares, while Silver Lake Partners IV, L.P. retains 146,275 shares post-transaction.
Egon Durban, a director at Dell and Co-CEO of Silver Lake Group, L.L.C., is associated with these transactions, as Silver Lake Group is the managing member of the involved parties. The sales were conducted under indirect ownership, with shares held through various Silver Lake partnerships.
These transactions reflect Silver Lake's ongoing management of its investment in Dell Technologies, a leading player in the electronic computers sector. For deeper insights into insider transactions and comprehensive analysis, including 12 additional ProTips and detailed financial metrics, investors can access Dell's full research report on InvestingPro.
In other recent news, Dell Technologies has made several noteworthy announcements. The company has unveiled a new lineup of PC monitors, including the world's first with enhanced IPS Black technology and QD-OLED panel. Dell has also announced a revamped PC portfolio that integrates artificial intelligence (AI). The company's AI server business has seen rapid expansion and now exceeds $10 billion.
In financial news, Dell reported a 10% increase in third-quarter earnings, reaching $24.4 billion, with earnings per share rising to $2.15, marking a 14% year-over-year increase. Bernstein analysts at SocGen Group have maintained an Outperform rating on Dell's shares, reflecting confidence in the company's operational strengths.
In another development, xAI announced plans to expand its Colossus supercomputer facility in Memphis by adding over one million Graphics Processing Units (GPUs). This move involves Fortune 500 companies Nvidia (NASDAQ:NVDA), Dell, and Supermicro Computer, underscoring Memphis's emerging status as a global hub for AI.
These are the recent developments in Dell Technologies.
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