Wealth Enhancement Advisory Services LLC lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,948 shares of the technology company’s stock after purchasing an additional 3,634 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,904,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 10.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock worth $116,000 after purchasing an additional 626 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2.9% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock worth $455,000 after purchasing an additional 714 shares during the period. Cozad Asset Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.5% in the 1st quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock worth $2,575,000 after purchasing an additional 756 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Hewlett Packard Enterprise by 16.9% in the 2nd quarter. GAMMA Investing LLC now owns 5,421 shares of the technology company’s stock worth $115,000 after purchasing an additional 783 shares during the period. Institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Trading Down 0.5 %
Shares of HPE opened at $18.67 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a 50 day simple moving average of $20.10 and a two-hundred day simple moving average of $18.13. The firm has a market cap of $24.26 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the firm posted $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.
Analyst Ratings Changes
A number of research firms have commented on HPE. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Sanford C. Bernstein raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.08.
View Our Latest Stock Report on Hewlett Packard Enterprise
Insider Activity at Hewlett Packard Enterprise
In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,141 shares of company stock valued at $2,850,108. 0.40% of the stock is owned by corporate 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.
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