Sl spv-2, l.p. sells $34.8 million in Dell Technologies stock By Investing.com

MENLO PARK – SL SPV-2, L.P., a 10% owner and director of Dell Technologies Inc. (), reported the sale of 73,325 shares of the company’s Class C Common Stock on September 3, 2026. The total value of these sales amounted to approximately $34,783,975.

The shares were sold in multiple transactions at prices ranging from $496.59 to $513.12 per share. The stock has since climbed to $533.88, trading near its 52-week high of $538.47, though InvestingPro data suggests Dell appears overvalued at current levels compared to its Fair Value estimate. Prior to these sales, SL SPV-2, L.P. converted 224,716 shares of Class B Common Stock into an equal number of Class C Common Stock shares. Each Class B share is convertible into one Class C share at any time and has no expiration date.

Following these transactions, SL SPV-2, L.P. indirectly holds 156,191 shares of Class C Common Stock and 16,531,410 shares of Class B Common Stock. Dell’s stock has surged 346% over the past year, with InvestingPro highlighting that 21 analysts have recently revised earnings upwards. For deeper insights, investors can access Dell’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro. The securities are held indirectly by SL SPV-2, L.P. through its general partner, SLTA SPV-2, L.P., and SLTA SPV-2 (GP), L.L.C. Silver Lake Group, L.L.C. (SLG) is the managing member of SLTA SPV-2 (GP), L.L.C. Egon Durban, a director of Dell Technologies, also serves as a Co-CEO and Managing Member of SLG.

Other affiliates, including Silver Lake Technology Investors V, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors IV, L.P., also sold shares of Class C Common Stock on the same date, with additional transactions reported on separate filings.

In other recent news, Dell Technologies has seen several positive developments regarding its financial outlook and market performance. JPMorgan raised its price target for Dell to $635, citing strong performance in the fiscal second quarter of 2027 and an increased full-year outlook driven by AI momentum, IT infrastructure updates, and PC demand. Meanwhile, Bernstein increased its price target to $650, highlighting Dell’s 26% year-over-year growth in storage revenue and record profitability. KeyBanc reiterated a Sector Weight rating, acknowledging strong quarterly results but expressing caution about further growth potential. Truist Securities also raised its price target to $505, noting a significant AI server backlog valued at $95 billion, providing visibility into fiscal year 2028. TD Cowen adjusted its price target to $500, emphasizing a projected threefold increase in AI server demand by fiscal year 2027. These developments reflect a broader confidence in Dell’s ability to capitalize on AI and infrastructure investment.

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