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Silver Lake, a ten-percent owner of Dell Technologies Inc. (NASDAQ:NYSE:DELL), sold 3,900 shares of Class C Common Stock on July 16, 2025, for approximately $488631. The shares were sold at a price of $125.29, close to the stock’s current trading level. With a market capitalization of nearly $84 billion, Dell has shown strong momentum, delivering impressive returns over multiple timeframes according to InvestingPro data.
The transactions also involved the conversion of Class B Common Stock into Class C Common Stock. Silver Lake converted 5,294 shares of Class B Common Stock into an equal number of Class C Common Stock. These conversions were executed at a price of $0.
The sales were executed at prices ranging from $125.04 to $125.42, inclusive.
In other recent news, Dell Technologies reported the conversion of 3,421,793 Class B shares to Class C shares, as outlined in a Form 8-K filing with the SEC. This conversion was carried out by several Silver Lake entities under the provisions of Dell’s certificate of incorporation, which allows such exchanges. Additionally, Mizuho (NYSE:MFG) has raised its price target for Dell to $150 from $145, maintaining an Outperform rating due to anticipated AI server wins and increased storage needs. The firm projects Dell’s fiscal 2026 revenue to reach $105 billion, up from a previous forecast of $103 billion, while keeping its EPS estimate unchanged.
KeyBanc initiated coverage on Dell with a Sector Weight rating, citing strong management and a robust financial profile. However, the firm expressed concerns about Dell’s gross margin pressures and the potential diminishing returns of cost reduction efforts. Meanwhile, Dell was among several tech companies affected by a Wall Street Journal report on the Trump administration’s plan to cut federal contract spending. The General Services Administration has requested justifications for federal contracts from these firms, which could impact future government-related revenue.
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