GDS Wealth Management Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

GDS Wealth Management lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 110.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,821 shares of the technology company’s stock after purchasing an additional 142,021 shares during the quarter. GDS Wealth Management’s holdings in Hewlett Packard Enterprise were worth $5,782,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. increased its holdings in shares of Hewlett Packard Enterprise by 80.3% in the third 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 during the period. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after purchasing an additional 625 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE opened at $20.46 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market capitalization of $26.92 billion, a PE ratio of 10.77, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company’s 50 day simple moving average is $22.10 and its 200 day simple moving average is $20.44.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.54%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insider Buying and Selling

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HPE has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Susquehanna restated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

About Hewlett Packard Enterprise

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.