GC Wealth Management RIA LLC Takes Position in Hewlett Packard Enterprise Company $HPE

Key Points

• GC Wealth Management RIA LLC acquired a new stake in Hewlett Packard Enterprise, purchasing 16,881 shares valued at approximately $345,000 during the second quarter.
• Hewlett Packard Enterprise is set to pay a quarterly dividend of $0.13 per share on October 17th, reflecting an annualized yield of 2.1%.
• Several institutional investors increased their holdings in Hewlett Packard Enterprise, contributing to institutional investors owning 80.78% of the company's stock.

GC Wealth Management RIA LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,881 shares of the technology company's stock, valued at approximately $345,000.

Several other large investors also recently made changes to their positions in the stock. Hanson & Doremus Investment Management boosted its holdings in shares of Hewlett Packard Enterprise by 73.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 6,662 shares of the technology company's stock valued at $136,000 after buying an additional 2,832 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 7.0% in the 2nd quarter. V Square Quantitative Management LLC now owns 38,456 shares of the technology company's stock valued at $786,000 after buying an additional 2,507 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1.3% in the 2nd quarter. Lakewood Asset Management LLC now owns 140,851 shares of the technology company's stock valued at $2,880,000 after buying an additional 1,838 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Hewlett Packard Enterprise by 20.0% in the 2nd quarter. Signaturefd LLC now owns 26,253 shares of the technology company's stock valued at $537,000 after buying an additional 4,371 shares during the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of Hewlett Packard Enterprise by 2.2% in the 2nd quarter. Kendall Capital Management now owns 214,779 shares of the technology company's stock valued at $4,392,000 after buying an additional 4,724 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.5%

HPE opened at $24.92 on Thursday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The company has a market capitalization of $32.88 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.56 and a beta of 1.45. The stock has a fifty day moving average of $22.60 and a 200-day moving average of $19.16.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPE. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. The Goldman Sachs Group raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Raymond James Financial raised their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a report on Thursday, September 4th. Zacks Research downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $24.81.

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.