GDS Wealth Management Has $20.89 Million Stock Position in Hewlett Packard Enterprise Company $HPE

GDS Wealth Management grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,021,600 shares of the technology company’s stock after acquiring an additional 226,216 shares during the quarter. Hewlett Packard Enterprise accounts for approximately 1.5% of GDS Wealth Management’s investment portfolio, making the stock its 22nd biggest position. GDS Wealth Management’s holdings in Hewlett Packard Enterprise were worth $20,892,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HPE. Ensign Peak Advisors Inc boosted its holdings in Hewlett Packard Enterprise by 97.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,011,922 shares of the technology company’s stock valued at $20,694,000 after purchasing an additional 498,296 shares during the period. ARS Investment Partners LLC raised its position in shares of Hewlett Packard Enterprise by 0.5% in the second quarter. ARS Investment Partners LLC now owns 270,610 shares of the technology company’s stock valued at $5,534,000 after buying an additional 1,312 shares in the last quarter. Alteri Wealth LLC boosted its stake in shares of Hewlett Packard Enterprise by 31.6% in the second quarter. Alteri Wealth LLC now owns 25,003 shares of the technology company’s stock valued at $511,000 after buying an additional 5,998 shares during the period. TD Waterhouse Canada Inc. grew its position in Hewlett Packard Enterprise by 11.1% during the second quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after buying an additional 489 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after acquiring an additional 2,604,059 shares during the period. 80.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HPE shares. Zacks Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Barclays boosted their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Raymond James Financial increased their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Piper Sandler assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.24.

Hewlett Packard Enterprise Trading Down 1.4%

Shares of Hewlett Packard Enterprise stock opened at $20.61 on Thursday. The firm has a market capitalization of $27.19 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $24.01 and its 200 day moving average is $21.28. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.5%. Hewlett Packard Enterprise’s dividend payout ratio is currently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 in the last quarter. 0.36% of the stock is owned by 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.