Dell monitor designations (Ultrasharp, P-series, S-series, E-series, G-series, etc)
P is professional. They're typically IPS displays and designed for businesses and offices. Usually have good color calibration. they're comparable to the S and U at times but with a focus on productivity.
S is studio or entertainment/gaming. They look nice, usually IPS, glossy, edge-to-edge glass, etc, costs more than the E series. Color calibration is great. Majority of people are usually satisfied with this series.
E is essential. They're the most basic monitors with limited features and functionality (TN panels, analog connections, no edge-to-edge or other such features). they're made to work out of the box and usually have poor to sub-par color calibration and are cheap.
U is ultrasharp (as you already know). They're the premium line. All IPS, excellent color calibration, looks great, have the latest digital ports (hdmi, displayport, thunderbolt maybe), advanced color controls, etc.