Several entities related to Silver Lake, a private equity firm, have collectively sold shares of Dell Technologies Inc. (NYSE:DELL) valued at approximately $5.7 million, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place on April 4, 2024, involved the sale of Dell's Class C Common Stock at an average price of $134.37 per share.
The entities involved in the sale include 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. These entities are associated with Silver Lake and hold various interests in Dell Technologies.
The sales were conducted in multiple transactions with prices ranging from $134.23 to $134.55. The specific number of shares sold at each price point within this range is available upon request from the reporting entities. The total number of shares sold by the Silver Lake entities was not disclosed in the summary of the filing.
After the transactions, the entities still hold a significant number of shares in Dell Technologies. The remaining holdings are spread across various Silver Lake entities, including those held indirectly through partnerships and limited partnerships.
The reporting entities have clarified that this Form 4 filing should not be taken as an admission that they are the beneficial owners of all the securities covered by the filing. They disclaim beneficial ownership of these securities, except to the extent of their pecuniary interest therein.
Investors and market watchers closely monitor insider transactions like these for signals about the company's performance and insider perspectives. The sale by Silver Lake entities may draw attention given their significant involvement with Dell Technologies.
The filing was signed by Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C., on behalf of the reporting entities.
InvestingPro Insights
As Dell Technologies Inc. (NYSE:DELL) continues to navigate the market, recent data from InvestingPro provides an in-depth look at the company's financial health and stock performance. With a market capitalization of $94.77 billion, Dell demonstrates a significant presence in the technology sector. One key metric that stands out is the company's P/E ratio, which currently stands at 29.41, indicating how much investors are willing to pay for each dollar of earnings. However, when adjusted for the last twelve months as of Q4 2023, the P/E ratio becomes more attractive at 24.15, suggesting that Dell's stock might be undervalued relative to its near-term earnings growth.
The company's performance over the past year has been noteworthy, with a one-year price total return of 233.74%, showcasing a robust growth trajectory. This is further supported by a high return over the last week, with a 16.31% increase in stock price, which aligns with the InvestingPro Tip that Dell has seen a significant return over the same period. Additionally, Dell's status as a prominent player in the Technology Hardware, Storage & Peripherals industry is reflected in its strong returns over various time frames, including the last three months and six months, with respective total returns of 75.78% and 102.55%.
While the recent insider transactions by Silver Lake entities may suggest various strategic movements, investors considering Dell's stock can benefit from additional insights available on InvestingPro. For instance, Dell's high shareholder yield is an InvestingPro Tip that emphasizes the company's ability to return value to its shareholders. Moreover, there are 12 additional InvestingPro Tips available for Dell, which can be accessed by visiting InvestingPro. These tips provide a comprehensive understanding of the company's financial position and market performance. To gain full access to these valuable insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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