Silver Lake, the private equity firm with significant stakes in technology companies, has reported the sale of shares in Dell Technologies Inc. (NYSE:DELL). The transactions, which occurred on July 10, 2024, involved the sale of Dell's Class C Common Stock by various entities under the Silver Lake umbrella.
The sales were made at weighted average prices, with a total of 14,087 shares sold at prices ranging from $146.00 to $146.18, and another 2,800 shares sold at prices from $147.00 to $147.22. The total value of the shares sold amounted to approximately $2,468,921.
These transactions were part of routine trading by Silver Lake entities, which include SLTA V (GP), L.L.C., Silver Lake Technology Investors V, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Associates V, L.P. The sales were executed directly and do not reflect any additional indirect interests that may be held by the directors of the companies involved.
The reported sales provide a snapshot of Silver Lake's trading activity in Dell Technologies and offer insight into the firm's investment moves. Investors often monitor such sales for signs of the firm's confidence in the stock and its strategy regarding the holding.
Silver Lake has a history of active investment in the technology sector, and its dealings with Dell Technologies are closely watched by the market. The recent sales represent a minor adjustment to its holdings in the company, which continues to be a significant part of its investment portfolio.
In other recent news, Dell Technologies has seen a series of significant developments. The company's annual stockholders' meeting resulted in the re-election of all seven Group I director nominees, including CEO Michael S. Dell, and the ratification of PricewaterhouseCoopers LLP as Dell's independent auditor for the fiscal year ending January 2025. Dell Technologies and Nvidia (NASDAQ:NVDA) have received server orders from Elon Musk's AI startup which is expected to bolster Nvidia's market capitalization. Dell is also partnering with xAI for a supercomputer project, anticipated to be operational by fall 2025. Analyst firms BofA Securities and Evercore ISI have maintained positive ratings on Dell, citing strong AI growth potential and potential improvement in Dell's storage margins by fiscal year 2025. These recent developments underscore Dell's active role in the AI sector and the growing demand for AI applications.
InvestingPro Insights
As Silver Lake adjusts its holdings in Dell Technologies Inc. (NYSE:DELL), investors are keen to understand the company's current financial health and future prospects. According to real-time data from InvestingPro, Dell boasts a substantial market capitalization of $99.18 billion, underlining its status as a heavyweight in the technology sector. The company's P/E ratio stands at 27.93, which, when adjusted for the last twelve months as of Q1 2025, presents an even more attractive figure of 23.66. This suggests that investors may find the stock's valuation appealing relative to near-term earnings growth, an InvestingPro Tip that indicates Dell is trading at a low P/E ratio in this context.
Another critical metric to consider is the company's PEG Ratio for the last twelve months as of Q1 2025, which is at a low 0.32. This figure is particularly noteworthy as it suggests that Dell's stock price is potentially undervalued when factoring in its earnings growth rate, providing a compelling argument for investors looking for growth at a reasonable price.
InvestingPro Tips highlight that Dell is not only a prominent player in the Technology Hardware, Storage & Peripherals industry but has also experienced a high return over the last year, with a 165.26% price total return. This performance is reflected in the significant price uptick over the last six months, with a 78.92% return, underscoring strong recent momentum.
For those considering a deeper dive into Dell Technologies' financials and investment potential, there are additional InvestingPro Tips available. These encompass various aspects of the company's operations, such as management's strategic decisions, financial ratios, and industry positioning. For access to these insights and more, investors can visit https://www.investing.com/pro/DELL and use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. With a total of 12 additional InvestingPro Tips listed, this resource could prove invaluable in making informed investment decisions.
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