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Silver Lake Group, L.L.C., along with several affiliated entities, sold shares of Dell Technologies Inc. (NYSE:DELL) Class C Common Stock worth approximately $22.8 million. The sales occurred on October 6 and October 7, 2025, with prices ranging from $146.73 to $149.09 per share. The stock has shown remarkable momentum, currently trading at $164.51 and near its 52-week high of $154.70. According to InvestingPro analysis, Dell appears overvalued at current levels.
The entities involved in the sales include Silver Lake Partners IV, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Investors IV, L.P., SL SPV-2, L.P. and SLTA SPV-2, L.P.
In addition to the sales, on October 7, 2025, there were conversions of Class B Common Stock into Class C Common Stock, with a total value of $0. These conversions were associated with the aforementioned sales and distributions. The reporting owners include SLTA IV (GP), L.L.C. and Egon Durban, who serves as a director of Dell Technologies.
In other recent news, Dell Technologies has made several announcements and received various analyst updates. The company raised its long-term financial framework, increasing its annual revenue growth target to 7-9% from the previous 3-4% and nearly doubling its annual non-GAAP diluted earnings per share growth target to 15% or better. Additionally, Dell extended its commitment to grow its quarterly dividend by 10% or more annually through fiscal 2030. Analysts have responded positively to these developments, with UBS raising its price target on Dell to $186, citing sustainable growth in AI server revenue. Mizuho also increased its price target to $170, highlighting strong AI momentum in Dell’s Enterprise and Sovereign AI segments. Melius Research raised its price target to $200, driven by Dell’s potential to grow earnings per share faster than anticipated due to enterprise AI adoption. Raymond James reiterated its Outperform rating with a $152 price target, noting that AI-related activity has significantly exceeded previous forecasts. These updates reflect Dell’s strategic focus on artificial intelligence and its impact on future growth.
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