Insider Trading June 9, 2026 06:49 PM

Silver Lake Affiliates Divest Dell Technologies Shares Amid Valuation Analysis

Entities linked to the private equity firm offload $255,100 in stock as analysts adjust price targets following strong fiscal earnings.

By Priya Menon
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Entities affiliated with Silver Lake, including Silver Lake Technology Investors V, L.P., executed sales of Dell Technologies Inc. (NASDAQ:DELL) Class C Common Stock valued at $255,100 on June 5, 2026. The transaction involved 632 shares traded between $395.39 and $412.35, following a recent 12.3% weekly decline in the stock, which remains up 239% over the past year. These shares were acquired via the conversion of Class B Common Stock, a process with no expiration date and no direct cost to the holder. Silver Lake and its associated entities maintain their status as directors and 10% owners of Dell Technologies. Concurrently, analyst firms including Bernstein SocGen Group, Goldman Sachs, and Mizuho have raised their price targets to $500, citing strong AI-driven demand, while Truist Securities adjusted its target to $360. Dell Technologies reported first-quarter fiscal 2027 revenue of $43.8 billion, an 88% year-over-year increase, with earnings per share of $4.86 surpassing expectations. In related market activity, MSD Investment Corp. sold $300 million in investment-grade bonds to refinance debt at a yield 2.4 percentage points above Treasuries.

Silver Lake Affiliates Divest Dell Technologies Shares Amid Valuation Analysis
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Key Points

  • Silver Lake-linked entities sold 632 shares of Dell Technologies Class C Common Stock valued at $255,100 on June 5, 2026, acquired via conversion of Class B shares.
  • Analyst firms including Bernstein SocGen Group, Goldman Sachs, and Mizuho raised their price targets for Dell to $500, citing strong AI-driven demand, while Truist raised its target to $360.
  • Dell Technologies reported first-quarter fiscal 2027 revenue of $43.8 billion, an 88% year-over-year increase, with earnings per share of $4.86 surpassing the anticipated $3 range.

Entities affiliated with Silver Lake have executed a divestment of Dell Technologies Inc. (NASDAQ:DELL) Class C Common Stock, removing $255,100 in value from their holdings on June 5, 2026. The transaction involved the sale of 632 shares, which were distributed across a price range of $395.39 to $412.35 per share. This activity occurs against a backdrop of significant price movement for the technology company. Dell’s stock experienced a sharp 12.3% decline over the preceding week, yet the shares continue to show a substantial 239% increase over the last year.

The shares sold by Silver Lake Technology Investors V, L.P. were initially acquired on the same day through the conversion of an equal number of Class B Common Stock shares. The conversion mechanism allows each Class B share to be exchanged for one Class C share at no direct cost to the holder, with no expiration date attached to the option. This conversion was executed in direct connection with the aforementioned sales and in-kind distributions.

Silver Lake Technology Investors V, L.P., alongside Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., and Silver Lake Group, L.L.C., are all listed as directors and 10% owners of Dell Technologies. Egon Durban, a director of Dell Technologies and Co-CEO and Managing Member of Silver Lake Group, L.L.C., is also identified as a reporting person for these transactions. The ownership structure indicates that the shares sold were indirectly held by Silver Lake Technology Investors V, L.P. through a multi-tiered arrangement. Silver Lake Group, L.L.C. serves as the managing member of SLTA V (GP), L.L.C., which acts as the general partner of Silver Lake Technology Associates V, L.P., the general partner of Silver Lake Technology Investors V, L.P.

Market analysis platforms indicate that Dell currently trades above its Fair Value, appearing on the platform’s Most Overvalued list. Investors seeking deeper analysis of Dell’s valuation and prospects can access a comprehensive Pro Research Report. The stock data reflects a closed price of $374.10, down $7.68 or 2.01% in after-hours trading, following a daily close of $381.78, down $18.99 or 4.74%. The ticker DELL is tracked alongside US10YT=X and MSD+0.14%.

In other recent developments, Dell Technologies reported first-quarter fiscal 2027 results that surpassed expectations across all metrics. The company achieved a total revenue of $43.8 billion, representing an 88% increase year-over-year. Earnings per share were reported at $4.86, significantly above the anticipated $3 range. Following these results, several analyst firms have adjusted their price targets for Dell. Bernstein SocGen Group raised its price target to $500, maintaining an Outperform rating. Goldman Sachs also increased its target to $500, citing strong demand in AI-driven sectors. Mizuho echoed this sentiment, raising its price target to $500 from $435, reflecting a higher valuation based on future earnings projections. Truist Securities, meanwhile, raised its price target to $360 from $170, maintaining a Hold rating, and noted the high demand and tight supply conditions for AI servers.

In other market activity, MSD Investment Corp. sold $300 million in investment-grade bonds to refinance its debt. The notes were sold at a yield 2.4 percentage points above Treasuries, with the spread tightening during the sale process. The article was generated with the support of AI and reviewed by an editor. For more information see our T&Cs.

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Risks

  • Market valuation concerns are highlighted by Dell trading above its Fair Value and appearing on the platform’s Most Overvalued list, indicating potential overextension relative to intrinsic value.
  • The sharp 12.3% decline in Dell’s stock over the past week suggests near-term volatility, despite the stock remaining up 239% over the last year.
  • Tight supply conditions for AI servers, noted by Truist Securities, could constrain Dell's ability to meet high demand, impacting future revenue growth.

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