Menlo Park, CA – Significant insider divestiture activity has been recorded for Dell Technologies Inc. (NYSE:DELL). Investment firm Silver Lake Group, L.L.C., along with director Egon Durban and affiliated entities, reported the sale of Dell Technologies Inc. Class C Common Stock on June 9, 2026. The aggregate value of these transactions reached $4,314,929. The sales were formally disclosed in a Form 4 filing submitted to the Securities and Exchange Commission.
At the time of the reported sales, Dell stock was trading at $391.45. This price point sits near the upper end of the transaction price range for the divestments. Market data from InvestingPro indicates that shares have experienced a 12.4% decline over the past week leading up to the report. Despite this recent pullback, the stock has demonstrated substantial long-term momentum, surging 238% over the past year.
The reporting entities involved in the sales include Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Associates V, L.P., and SLTA V (GP), L.L.C. Collectively, these entities sold 11,235 shares of Class C Common Stock. The transactions were executed at prices ranging from $380.49 to $402.24 per share. The reported prices reflect weighted averages, with full details of individual transactions available upon request.
Prior to executing these sales, 18,557 shares of Class B Common Stock were converted into an equal number of Class C Common Stock shares. Under the terms of Dell's share structure, each share of Class B Common Stock is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, with no expiration date. This conversion was directly connected to the reported sales and distributions. The receipt of Class C Common Stock shares in connection with certain distributions was exempt from reporting.
Egon Durban serves as a director of Dell Technologies and holds the positions of Co-CEO and Managing Member of Silver Lake Group, L.L.C. The Silver Lake entities are considered ten percent owners and directors by deputization of Dell Technologies. The shares are primarily held indirectly through various Silver Lake partnerships and LLCs.
Following these transactions, Silver Lake Partners V DE (AIV), L.P. holds 73,792 shares of Class C Common Stock. Other indirect holdings of Class C Common Stock by Silver Lake Group, L.L.C., Egon Durban, and related entities were also reported. Additionally, various Silver Lake affiliates continue to hold a substantial number of Class B Common Stock shares, which are convertible into Class C Common Stock.
Valuation metrics present a contrasting view to the insider selling. With a market capitalization of $253 billion and trading at a PEG ratio of just 0.3, Dell appears overvalued according to InvestingPro’s Fair Value analysis.
In other recent news, Dell Technologies reported impressive first-quarter fiscal 2027 results, surpassing expectations with total revenue of $43.8 billion, marking an 88% increase year-over-year. The company’s earnings per share reached $4.86, significantly exceeding the anticipated $3 range. Analysts responded positively to these results, with Bernstein SocGen Group raising its price target for Dell to $500, maintaining an Outperform rating. Similarly, Goldman Sachs increased its price target to $500, citing strong demand in AI-driven sectors and maintaining a Buy rating. The Infrastructure Solutions Group’s revenue rose 181% year-over-year, while the Client Solutions Group saw a 17% increase. Truist Securities also adjusted its price target on Dell to $360, emphasizing the high demand for AI servers. Meanwhile, IBM’s bonds traded tighter than usual compared to other tech peers, with a notable spread difference of 2.71 standard deviations tighter than the three-month average.