According to the company’s most recent 13F filing with the Securities and Exchange Commission, Armstrong Advisory Group INC acquired a new stake in Hewlett-Packard Enterprise (NYSE: HPE) during the fourth quarter of 2018. (SEC).
The purchase of 7,201 shares in the technology company cost the company around $115,000.
Several hedge funds have bought and sold HPE shares in recent months. Hewlett-Packard Enterprise was the beneficiary of a 66.2% increase in the investment that Massmutual Trust Co FSB ADV had in the company during the third quarter.
After making an additional purchase of 821 shares during the preceding quarter, Massmutual Trust Co FSB ADV now owns 2,062 shares of the technology company’s stock, valued at $25,000.
During the third quarter of 2018, Old North State Trust LLC invested about $25,000 in Hewlett-Packard Enterprise. Horan Securities INC grew its holdings in Hewlett-Packard Enterprise by 211.8% during the third quarter of the fiscal year.
After purchasing 1,504 additional shares during the most recent quarter, Horan Securities INC now has a total of 2,214 shares of the technology company’s stock, worth $27,000.
A 77.9% gain in Dupont Capital Management Corp.’s position in Hewlett-Packard Enterprise was realized during the company’s third fiscal quarter. With the acquisition of an additional 1,100 shares during the most recent fiscal quarter, Dupont Capital Management Corp. now holds 2,512 shares of the stock of the technology business, which have a combined worth of $30,000.
Last but not least, during the final three months of the year, Independence Bank of Kentucky completed the purchase of a new stake in Hewlett-Packard Enterprise that was valued at around $32,000.
Institutional investors and hedge funds currently own 81.36% of the company’s shares.
On Friday, the opening price of the NYSE HPE was $14.27.
The moving average for the company over the past fifty days is $15.64, and the moving average over the last two hundred days is $14.91.
The current market capitalization of Hewlett-Packard Enterprise is $18.49 billion, and the company has a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.25, and a beta value of 1.23.
The company’s stock price had a 52-week low of $11.90, while it reached a 52-week high of $17.66.
The debt-to-equity ratio is currently at 0.38, the quick ratio is currently at 0.63, and the current ratio is currently at 0.85.
On Thursday, March 2, Hewlett-Packard Enterprise (NYSE: HPE) disclosed its profits to the public.
The information technology firm reported earnings of $0.63 per share for the third quarter, which is $0.11 higher than the consensus forecast of $0.52 per share among industry analysts.
The sales for the company were $7.81 billion for the quarter, which was significantly more than the analysts’ projections of $7.40 billion.
The net margin for Hewlett-Packard Enterprise was 2.92%, and the company’s return on equity was 4.22%.
The company reported a 12.2% rise in revenue compared to the previous year.
The company made $0.39 in profit per share during the same quarter the previous year.
According to estimates, Hewlett-Packard Enterprise will generate 1.3 cents per share for the current fiscal year.
In addition, the company has announced a quarterly dividend, which is scheduled to be distributed on the following Friday, April 14. On Friday, March 17, shareholders of record will be eligible to receive dividend payments amounting to $0.12 per share.
The date that constitutes the ex-dividend date for this dividend is March 16.
This amounts to a dividend payment of $0.48 per year and a dividend yield of 3.36%. Calculated on an annualized basis.
The payout ratio for Hewlett-Packard Enterprise currently stands at 73.85%.
On Thursday, March 9, Executive Vice President Thomas E.
Black, Jr. sold 34,088 shares of the firm’s stock.
This is another piece of news regarding the company.
At an average price of $15.05 per share, the shares could fetch a total of $513,024.40 when sold. You may learn more about the transaction through a legal filing submitted here to the Securities and Exchange Commission.
A further note is that Executive Vice President Alan Richard May sold 703,226 shares of the company’s stock on Tuesday, March 7.
At an average price of $15.11 per share, the shares were sold for $10,625,744.86.
Due to the transaction, the executive vice president now has ownership of 249,511 shares of company stock, which have a combined value of $3,770,111.21.
The transaction was made public by a legal filing submitted to the Securities and Exchange Commission.
This filing can be located on the website of the SEC.
In addition, Executive Vice President Thomas E.
Black, Jr. sold 34,088 shares of the company’s stock on Thursday, March 9.
At an average price of $15.05 per share, the stock could be sold for $513,024.40.
The disclosure for this sale can be found at this location.
During the most recent quarter, business insiders sold 799,621 shares of company stock for a total value of $12,178,761. Currently, 53% of the company is owned by company insiders.
Recent weeks have seen public statements made by several research companies regarding HPE.
Morgan Stanley increased their price objective on Hewlett-Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a research report published on Friday, March 3.
The price objective that Susquehanna has set for the share of Hewlett-Packard Enterprise has increased from $15.00 to $16.00, as stated in a research report published on Wednesday, November 30.
The price objective that Deutsche Bank Aktiengesellschaft has set for shares of Hewlett-Packard Enterprise has increased from $15.00 to $16.00, as stated in a research report published on Wednesday, November 30. JPMorgan Chase & Co increased their price objective on Hewlett-Packard Enterprise shares from $18.00 to $20.00 and gave the company an “overweight” rating in a research report published on Tuesday, December 20.
Last but not least, in a research report published on Wednesday, November 30, Susquehanna Bancshares increased its price objective on Hewlett-Packard Enterprise shares from $15.00 to $16.00 while maintaining a “neutral” rating on the company.
Two financial experts believe investors should consider selling the stock, while six others should consider sticking with it.
According to data provided by Bloomberg, the consensus regarding the price objective for Hewlett-Packard Enterprise is set at $16.77, and the average rating for the company is “Hold.”
