Cetera Advisors LLC increased its position in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,388 shares of the technology company’s stock after purchasing an additional 15,774 shares during the period. Cetera Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $982,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $35,000. American National Bank lifted its position in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the last quarter. Founders Financial Alliance LLC grew its stake in shares of Hewlett Packard Enterprise by 52.8% during the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares during the period. Finally, ORG Partners LLC increased its holdings in Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of HPE stock traded up $0.03 during trading on Friday, hitting $17.34. The company had a trading volume of 7,352,755 shares, compared to its average volume of 15,383,503. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $20.18 and its two-hundred day moving average is $18.02.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. As a group, analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.00%. Hewlett Packard Enterprise’s payout ratio is 37.96%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on HPE shares. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Bank of America raised their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, June 21st. UBS Group boosted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.08.
Get Our Latest Stock Report on HPE
Insider Activity
In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the completion of the sale, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,141 shares of company stock valued at $2,850,108. Corporate insiders own 0.40% of the company’s stock.
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.
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