GDS Wealth Management Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• GDS Wealth Management significantly increased its stake in Hewlett Packard Enterprise by 193.7%, acquiring 524,563 shares during the first quarter, bringing its total ownership to approximately $12.27 million.
• Insiders at Hewlett Packard Enterprise sold a combined total of 128,590 shares over the last ninety days, amounting to a value of $2.44 million, while insiders currently hold 0.36% of the stock.
• The company recently announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend of $0.52 and a dividend yield of 2.4%.

GDS Wealth Management boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 193.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,384 shares of the technology company's stock after purchasing an additional 524,563 shares during the period. GDS Wealth Management owned approximately 0.06% of Hewlett Packard Enterprise worth $12,273,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Hewlett Packard Enterprise by 2.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 684,689 shares of the technology company's stock worth $10,574,000 after purchasing an additional 13,820 shares during the period. Wellington Management Group LLP raised its stake in Hewlett Packard Enterprise by 12.1% during the first quarter. Wellington Management Group LLP now owns 167,137 shares of the technology company's stock worth $2,579,000 after purchasing an additional 18,010 shares during the period. Cornerstone Select Advisors LLC raised its stake in Hewlett Packard Enterprise by 5.0% during the first quarter. Cornerstone Select Advisors LLC now owns 37,489 shares of the technology company's stock worth $578,000 after purchasing an additional 1,774 shares during the period. Korea Investment CORP raised its stake in Hewlett Packard Enterprise by 8.4% during the first quarter. Korea Investment CORP now owns 1,087,777 shares of the technology company's stock worth $16,784,000 after purchasing an additional 83,856 shares during the period. Finally, Qtron Investments LLC raised its stake in Hewlett Packard Enterprise by 47.2% during the first quarter. Qtron Investments LLC now owns 24,752 shares of the technology company's stock worth $382,000 after purchasing an additional 7,935 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPE has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They set a "neutral" rating and a $22.00 target price on the stock. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft lifted their price target 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, JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $23.27.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock valued at $2,436,000 in the last 90 days. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.9%

Shares of HPE stock traded up $0.6410 during trading on Friday, reaching $22.4610. The company's stock had a trading volume of 18,242,237 shares, compared to its average volume of 14,960,326. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The company has a market capitalization of $29.47 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.14 and a beta of 1.37. The stock's 50-day moving average price is $20.31 and its 200 day moving average price is $18.30. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. On average, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise's payout ratio is 52.53%.

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.