Verity Asset Management Inc. Buys Shares of 46,856 Hewlett Packard Enterprise (NYSE:HPE)

Verity Asset Management Inc. bought a new stake in Hewlett Packard Enterprise (NYSE:HPEGet Rating) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 46,856 shares of the technology company’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Neuberger Berman Group LLC boosted its stake in shares of Hewlett Packard Enterprise by 17.2% in the 1st quarter. Neuberger Berman Group LLC now owns 75,721 shares of the technology company’s stock valued at $1,265,000 after buying an additional 11,104 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 18.8% in the 1st quarter. EP Wealth Advisors LLC now owns 14,641 shares of the technology company’s stock valued at $245,000 after buying an additional 2,318 shares during the period. Toroso Investments LLC boosted its stake in shares of Hewlett Packard Enterprise by 254.7% in the 1st quarter. Toroso Investments LLC now owns 67,877 shares of the technology company’s stock valued at $1,134,000 after buying an additional 48,738 shares during the period. Cowa LLC boosted its stake in shares of Hewlett Packard Enterprise by 48.8% in the 1st quarter. Cowa LLC now owns 25,947 shares of the technology company’s stock valued at $434,000 after buying an additional 8,508 shares during the period. Finally, Golden State Equity Partners purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $501,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.3 %

NYSE:HPE opened at $13.07 on Friday. The firm has a market cap of $16.82 billion, a P/E ratio of 4.65, a PEG ratio of 2.87 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $13.90 and its 200-day simple moving average is $14.92. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.97 billion. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.25 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Monday, September 12th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio is presently 17.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Barclays decreased their target price on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, June 2nd. Credit Suisse Group assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, August 16th. They set an “outperform” rating and a $18.00 target price for the company. Bank of America cut Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $16.00 in a research note on Friday, May 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.59.

Insider Buying and Selling

In related news, CEO Irv Rothman sold 70,115 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $13.33, for a total transaction of $934,632.95. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

(Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

Further Reading

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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