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Silver Lake, a significant shareholder in Dell Technologies Inc. (NASDAQ:NYSE:DELL), sold a large block of Class C Common Stock worth approximately $78.9 million on June 26, 2025. The shares were sold at a weighted average price ranging from $125.98 to $126.34. The transaction occurred as Dell, currently valued at $83.27 billion, trades near its InvestingPro Fair Value, with analysts setting price targets between $104 and $155.
The sales involved multiple entities related to Silver Lake. SL SPV-2, L.P., Silver Lake Partners IV, L.P. and Silver Lake Partners V DE (AIV), L.P. and certain of their respective affiliates sold the shares.
In addition to the sales, on the same day, Silver Lake entities converted Class B Common Stock into Class C Common Stock. Also, on June 30, 2025, in-kind distributions of shares of Class C Common Stock were initiated.
Egon Durban, a director of Dell Technologies and Co-CEO and Managing Member of Silver Lake Group, L.L.C., may be deemed a director by deputization of the Issuer. For deeper insights into Dell’s financial health and comprehensive analysis, access the full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Dell Technologies reported significant developments in its financial and operational landscape. TD Cowen increased its price target for Dell to $125, acknowledging robust AI server orders and strong Commercial PC sales. The company’s fiscal year 2026 earnings per share target was raised to $9.40, supported by disciplined cost management and share buybacks. Despite a shortfall in first-quarter AI server revenue and gross margin expectations, UBS maintained a Buy rating with a revised price target of $145, noting Dell’s substantial AI order backlog of $14.4 billion. Aletheia Capital reiterated its Buy rating and $150 price target, reflecting confidence in Dell’s market potential and financial health. Meanwhile, KeyBanc initiated coverage with a Sector Weight rating, citing Dell’s strong management and financial profile but expressing concerns over gross margin pressures from the AI Server business. Additionally, the U.S. government’s initiative to cut federal contract spending has placed Dell under scrutiny, potentially affecting its government-related revenue. These developments highlight the dynamic environment Dell is navigating, with analysts offering varied perspectives on its future performance.
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