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Dell Converts Class B Shares to Class C Stock

Story Highlights
  • Between March 2 and April 16, 2026, Dell converted over 4.2 million Class B shares held by Silver Lake funds into Class C stock.
  • These one-to-one conversions, done under a registration exemption, increased Class C float and clarified Dell’s capital structure for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dell Converts Class B Shares to Class C Stock

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An update from Dell Technologies ( (DELL) ) is now available.

On multiple dates between March 2 and April 16, 2026, Dell Technologies issued 4,237,699 shares of its Class C common stock upon the conversion of an equal number of Class B shares held by Silver Lake-affiliated funds, leaving 325,654,621 Class C shares and 47,789,758 Class B shares outstanding as of April 17, 2026. The conversions, executed on a one-to-one basis under Dell’s charter and relying on a Securities Act exemption without payment of commissions, shift part of the company’s equity base from Class B to the more widely held Class C stock, clarifying the capital structure for investors while preserving identical economic rights between the two classes.

The most recent analyst rating on (DELL) stock is a Buy with a $205.00 price target. To see the full list of analyst forecasts on Dell Technologies stock, see the DELL Stock Forecast page.

Spark’s Take on DELL Stock

According to Spark, TipRanks’ AI Analyst, DELL is a Outperform.

The score is driven by strong technical momentum and a very upbeat, AI-centric earnings outlook with raised shareholder returns. These positives are tempered by material balance-sheet risk (negative equity and high leverage) and uneven/uncertain cash-flow quality, which meaningfully caps the financial performance score despite improved revenue and profitability.

To see Spark’s full report on DELL stock, click here.

More about Dell Technologies

Dell Technologies Inc. is a global information technology company that provides a broad range of hardware, software and services, including personal computers, servers, storage systems and related solutions for enterprise, government and consumer customers. The company operates across multiple markets with a focus on end-to-end IT infrastructure and digital transformation offerings for organizations of varying sizes.

Average Trading Volume: 8,759,224

Technical Sentiment Signal: Buy

Current Market Cap: $114.5B

See more insights into DELL stock on TipRanks’ Stock Analysis page.

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