Silver Lake entities sell Dell shares worth over $46 million

  • Stock Market News
Silver Lake entities sell Dell shares worth over $46 million

Silver Lake, a global leader in technology investing, has executed significant transactions involving shares of Dell Technologies Inc. (NYSE: DELL ). The investment firm's affiliated entities have sold Dell shares totaling over $46 million, according to recent filings.

The sales occurred on April 4, 2024, with the prices of the shares sold ranging from $131.34 to $133.72. These transactions were part of a broader strategy involving the conversion of Class B Common Stock into Class C Common Stock, which was then sold on the market.

Silver Lake's various entities, including SLTA V (GP), L.L.C., Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors V, L.P., were all involved in the sale of Dell shares. The sales were executed in multiple transactions, with the weighted average prices provided for the range of prices at which the shares were sold.

The transactions reflect the ongoing investment management activities of Silver Lake and its associated entities. While the sales represent a substantial amount of stock, it is important to note that Silver Lake continues to hold a significant number of shares in Dell Technologies.

Investors and market watchers often scrutinize the buying and selling activities of major investment firms like Silver Lake, as they can indicate broader market trends or strategic shifts in investment approaches.

As always, the movements of large stakeholders in prominent companies such as Dell Technologies are closely monitored, providing insights into the confidence and strategies of major investors in the tech sector.

InvestingPro Insights

Amidst the recent share transactions by Silver Lake, Dell Technologies Inc. (NYSE:DELL) continues to present a compelling case for investors considering the tech sector. According to InvestingPro, Dell has demonstrated a significant return over the last week, with a 1 Week Price Total Return of 16.31%. This indicates a strong short-term performance, possibly reflecting investor confidence following the share transactions.

An InvestingPro Tip also highlights Dell's position as a prominent player in the Technology Hardware, Storage & Peripherals industry. This status, coupled with a solid Market Cap of $94.77 billion USD, underscores the company's substantial footprint in the tech world.

Moreover, Dell's current P/E Ratio stands at 29.41, with an adjusted P/E ratio for the last twelve months as of Q4 2024 at 24.15. The PEG Ratio for the same period is 0.82, suggesting that the stock may be trading at a reasonable price relative to its near-term earnings growth potential.

For those seeking more in-depth analysis, there are additional InvestingPro Tips available, including insights into Dell's profitability, industry position, and financial health. With the use of coupon code PRONEWS24, readers can gain an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to a total of 14 InvestingPro Tips that provide further guidance and context for Dell's current market position and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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