GDS Wealth Management Acquires New Position in Hewlett Packard Enterprise (NYSE:HPE)

GDS Wealth Management purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 128,800 shares of the technology company's stock, valued at approximately $2,635,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HPE. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after acquiring an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC grew its position in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after purchasing an additional 1,282 shares during the period. Finally, Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several research analyst reports. Susquehanna reiterated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price on the stock. Finally, Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $21.46.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.01 during trading hours on Monday, hitting $22.03. The company had a trading volume of 6,668,292 shares, compared to its average volume of 15,368,318. The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.80 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $19.56 and a 200-day moving average of $19.30. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period last year, the business posted $0.35 earnings per share. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.14%.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.