DGS Capital Management LLC Sells 2,064 Shares of Hewlett Packard Enterprise (NYSE:HPE)

DGS Capital Management LLC cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,759 shares of the technology company’s stock after selling 2,064 shares during the quarter. DGS Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $834,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Moloney Securities Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $861,000. CHICAGO TRUST Co NA lifted its holdings in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the period. National Pension Service grew its stake in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after purchasing an additional 472,885 shares during the last quarter. HighTower Advisors LLC raised its position in Hewlett Packard Enterprise by 110.8% during the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HPE shares. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Loop Capital raised their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.79.

Insider Activity

In related news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 717,601 shares of company stock valued at $15,140,976. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.12 during midday trading on Friday, hitting $21.71. 1,130,131 shares of the company’s stock were exchanged, compared to its average volume of 15,229,005. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $21.05 and its two-hundred day moving average price is $20.00. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

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.