American Trust bought a new position in Hewlett Packard Enterprise (NYSE:HPE – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,405 shares of the technology company’s stock, valued at approximately $198,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. New Hampshire Trust acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $28,000. First Manhattan Co. lifted its stake in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after buying an additional 1,139 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $44,000. Twin Tree Management LP acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $45,000. Finally, AlphaMark Advisors LLC raised its stake in Hewlett Packard Enterprise by 1,019.8% in the 1st quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock worth $45,000 after purchasing an additional 2,580 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on HPE shares. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a report on Wednesday, May 31st. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, August 30th. Finally, Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 29th. They set a “neutral” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $17.33.
Insider Transactions at Hewlett Packard Enterprise
In related news, EVP Alan Richard May sold 343,016 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total value of $5,995,919.68. Following the sale, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at $4,361,452.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Jeremy Cox sold 21,131 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total value of $373,173.46. Following the transaction, the senior vice president now owns 615 shares in the company, valued at $10,860.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Richard May sold 343,016 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the completion of the transaction, the executive vice president now owns 249,511 shares in the company, valued at approximately $4,361,452.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 799,031 shares of company stock valued at $13,970,865. 0.53% of the stock is currently owned by corporate insiders.
Hewlett Packard Enterprise Stock Performance
NYSE HPE opened at $17.07 on Friday. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $18.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.65. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.96 and a beta of 1.25. The company has a fifty day moving average price of $17.27 and a 200-day moving average price of $15.97.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.99 billion. Hewlett Packard Enterprise had a net margin of 3.64% and a return on equity of 5.32%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.43 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.81%. Hewlett Packard Enterprise’s dividend payout ratio is presently 58.54%.
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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