Silver Lake affiliates sell $961,723 in Dell Technologies stock By Investing.com

Entities affiliated with Silver Lake, including Silver Lake Technology Investors IV, L.P., sold Dell Technologies Inc. () Class C Common Stock totaling $961,723 on September 3, 2026. The shares were disposed of at prices ranging from $514.07 to $527.7 per share. The stock has since climbed to $533.88, trading near its 52-week high of $538.47. According to InvestingPro analysis, Dell currently appears overvalued relative to its Fair Value, landing the company on the most overvalued stocks list.

On September 3, 2026, Silver Lake Technology Investors IV, L.P., which is a 10% owner and has a director relationship with Dell Technologies, directly disposed of 1,859 shares of Class C Common Stock. These sales reduced its indirect beneficial ownership through itself to zero. These transactions were part of broader dispositions by Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P., and certain of their respective affiliates.

In connection with these sales, certain reporting persons converted shares of Class B Common Stock into an equal number of Class C Common Stock. Each Class B share is convertible into one Class C share at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. The timing of these sales comes amid remarkable momentum for Dell, with the stock delivering a 346% return over the past year and a 266% gain over the last six months. Despite trading at a P/E ratio of 31.3, InvestingPro data shows the company’s PEG ratio of just 0.2 suggests attractive valuation relative to its earnings growth potential. For deeper insights into Dell’s valuation and performance, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

Egon Durban, a director of Dell Technologies, also serves as a Co-CEO and Managing Member of Silver Lake Group, L.L.C., which is the managing member of the general partner of Silver Lake Technology Investors IV, L.P. The reporting persons may be deemed directors by deputization of Dell Technologies.

Following these transactions, Silver Lake Technology Investors IV, L.P. no longer holds Class C Common Stock under the specific indirect ownership category reported in these lines. However, other affiliated entities continue to hold various amounts. Silver Lake Group, L.L.C. directly holds 1,227 shares, and entities in which Dell Technologies director Egon Durban may be deemed to have an indirect pecuniary interest hold 665 shares. Mr. Durban directly holds 1,394,128 shares of Class C Common Stock and indirectly holds 49,630 shares through a trust for family members. Additionally, other affiliates, including SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P., and SLG, hold a collective 189,430 shares on behalf of certain employees and managing members. Furthermore, SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P. directly hold 73,185, 64,209, and 37,799 shares, respectively, with their transactions reported on separate Form 4 filings.

In other recent news, Dell Technologies has seen a series of positive developments concerning its stock price targets and financial performance. JPMorgan has raised Dell’s stock price target to $635, highlighting the company’s strong performance in its fiscal second quarter of 2027, driven by ongoing AI momentum and increased demand for IT infrastructure and PCs. Bernstein also increased its price target to $650, citing significant growth in storage revenue and Dell’s all-time high profitability.

Truist Securities adjusted its price target to $505, pointing to a record AI server backlog of $95 billion, which provides visibility into fiscal year 2028. Similarly, TD Cowen raised its target to $500, attributing this to strong results and guidance, with AI server demand expected to triple by fiscal year 2027. KeyBanc, while reiterating a Sector Weight rating, noted Dell’s impressive quarterly results and an increase in its fiscal 2027 guidance by $25 billion. These developments reflect the company’s robust performance and strategic positioning in the AI and infrastructure markets.

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