Silver Lake, a global leader in technology investing, has reported a series of transactions involving Dell Technologies Inc. (NYSE:DELL) shares by several of its entities. The transactions, which took place on July 8 and 9, 2024, included both acquisitions and disposals of Dell's Class C Common Stock.
The entities involved in the transactions were Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors V, L.P., and SLTA V (GP), L.L.C., with each entity acting as a director by deputization of Dell Technologies Inc.
The sales transactions reported totaled approximately $291.34 million, with shares sold at prices ranging from $144.68 to $146.66. These sales were part of a broader strategy that also included conversions of Class B Common Stock into Class C Common Stock, and in-kind distributions of shares.
The transactions demonstrate significant activity by Silver Lake entities in the trading of Dell Technologies shares. Investors may view these trades as a reflection of Silver Lake’s investment strategies and its involvement with Dell Technologies. As a major technology investor, Silver Lake's transactions are closely watched for insights into their views on the companies they invest in.
The reporting of these transactions provides transparency into the investment moves of major shareholders and can serve as a valuable piece of information for investors considering their own positions in Dell Technologies Inc.
In other recent news, Dell Technologies has seen significant developments in its governance and business partnerships. Shareholders have re-elected all Group I director nominees, including Michael S. Dell, and ratified PricewaterhouseCoopers LLP as the company's independent auditor for the fiscal year ending January 31, 2025. In the realm of business partnerships, Dell Technologies and Nvidia (NASDAQ:NVDA) have received server orders from Elon Musk's AI startup, a move that is expected to bolster Nvidia's market capitalization. Dell is also partnering with xAI for a supercomputer project, with the supercomputer expected to be operational by fall 2025.
On the financial front, analyst firms BofA Securities and Evercore ISI have maintained positive ratings on Dell stock. They highlight the potential for strong AI growth and improvement in Dell's storage margins by fiscal year 2025. Meanwhile, the Equipment Leasing and Finance Association reported an 11% year-over-year increase in U.S. business equipment borrowings for May, signaling a cautious approach by businesses.
These recent developments underscore Dell's active role in the AI sector and the growing demand for AI applications. It is important to note that these are recent developments and may have future implications for the company. However, this article does not make any predictions or prognostications about the company's future.
InvestingPro Insights
In the wake of Silver Lake's recent transactions involving Dell Technologies Inc. (NYSE:DELL), investors are keenly observing the company's performance metrics and market position. Here are some InvestingPro Insights that may shed further light on Dell's current standing in the market:
InvestingPro Data highlights Dell's substantial market capitalization, which stands at a robust 103.46 billion USD. This figure underscores the company's significant presence in the technology sector. Additionally, Dell's P/E ratio is noted at 29.26, with a more favorable adjusted P/E ratio over the last twelve months as of Q1 2025 at 24.7, suggesting a potentially attractive valuation in comparison to near-term earnings growth. Moreover, Dell has demonstrated a strong return over the last year, with a 1 Year Price Total Return of 167.04%.
InvestingPro Tips provide further context to Dell's financial landscape. The company is recognized as a prominent player in the Technology Hardware, Storage & Peripherals industry, which may contribute to its high shareholder yield and strong performance over various time frames, including the last three months and decade. However, analysts have revised their earnings expectations downwards for the upcoming period, indicating potential challenges ahead. Furthermore, while short-term obligations exceed liquid assets, suggesting liquidity concerns, analysts predict profitability for the company this year.
For investors seeking a deeper analysis and additional insights, InvestingPro offers more tips that are directly relevant to Dell Technologies Inc. To explore these valuable tips and consider how they might influence investment decisions, visit https://www.investing.com/pro/DELL. Moreover, use the exclusive coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, and discover the full range of InvestingPro Tips, which includes 11 additional tips for Dell Technologies Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.