Silver Lake sells Dell Technologies (DELL) stock above $540

Silver Lake entities and Egon Durban plan to sell 1.2 million shares of Dell (DELL) Class C Common Stock between June and September 2026, raising approximately $425 million. The sales involve multiple Silver Lake funds and individuals.

Silver Lake sold 46,990 Dell (DELL) Class C shares at an average price of $540+ on September 15, 2026, after converting 69,718 Class B shares. The sales were reported in a Form 4 filing, with no 10b5-1 plan involved.

Dell Technologies (DELL) stock surged 334% over the past year, driven by AI server orders and broader business growth. The company booked $131.7B in AI server orders and reported $47B in revenue for fiscal Q2 2027, up 58%. Management raised its fiscal 2027 revenue guidance to $192B. Margins improved due to scale and storage growth, with non-GAAP operating margin at 15% for Q2. Management attributes part of the growth to inflation and supply constraints.

Silver Lake and related entities sold 1.4 million shares of Dell (DELL) Class C Common Stock between June and September 2026, generating over $700 million in proceeds. The sales involved multiple transactions, with the largest single sale totaling 166,474 shares for $85.4 million.

Dell (DELL) reported Q2 fiscal 2027 earnings with revenue up 58% YOY to $46.97B, beating estimates. Adjusted EPS rose 203% YOY to $7.04. ISG segment led growth, with AI-optimized servers generating $16.4B. Dell raised its full-year outlook, expecting $192B revenue. Analysts remain bullish, with a consensus 'Moderate Buy' rating and an average price target of $584.88.

Dell Technologies (DELL) added Axelera AI's Europa accelerator to its hardware lineup, causing shares to rise 4.7% to $568.86. Europa is designed for power-efficient AI inference, with 629 TOPS at 45 watts. Axelera targets $1.5B in potential sales, though this represents pipeline opportunities, not booked revenue.