Empower Advisory Group LLC Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Empower Advisory Group LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,189 shares of the technology company’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Hampshire Trust purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $28,000. First Manhattan Co. lifted its stake in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at $44,000. Twin Tree Management LP purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, AlphaMark Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 1,019.8% in the first quarter. AlphaMark Advisors LLC now owns 2,833 shares of the technology company’s stock worth $45,000 after acquiring an additional 2,580 shares during the period. Institutional investors and hedge funds own 81.15% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.8 %

Shares of NYSE HPE opened at $17.07 on Monday. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The company’s 50-day simple moving average is $17.27 and its 200-day simple moving average is $15.98. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 52-week low of $11.90 and a 52-week high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the firm posted $0.31 EPS. Hewlett Packard Enterprise’s revenue was up .7% compared to the same quarter last year. Equities 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 paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.48 annualized dividend and a yield of 2.81%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 58.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HPE shares. Barclays cut their price target on Hewlett Packard Enterprise from $18.00 to $16.00 in a research report on Wednesday, May 31st. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 30th. Credit Suisse Group lowered their price objective on Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, August 30th. Finally, StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.33.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Alan Richard May sold 343,016 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the transaction, the executive vice president now directly owns 249,511 shares in the company, valued at $4,361,452.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hewlett Packard Enterprise 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 transaction, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at approximately $4,361,452.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 21,131 shares of the company’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 completion of the sale, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The disclosure for this sale can be found here. Insiders sold 799,031 shares of company stock valued at $13,970,865 over the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

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.