Atria Wealth Solutions Inc. Makes New $229,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Atria Wealth Solutions Inc. acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,263 shares of the technology company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.2% in the first quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock worth $2,549,380,000 after acquiring an additional 1,824,331 shares during the last quarter. State Street Corp grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after acquiring an additional 1,959,250 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Hewlett Packard Enterprise by 12.5% in the first quarter. Bank of America Corp DE now owns 59,288,867 shares of the technology company’s stock worth $944,472,000 after acquiring an additional 6,572,347 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Hewlett Packard Enterprise by 27.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,661,680 shares of the technology company’s stock worth $440,651,000 after acquiring an additional 6,019,701 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.9% in the first quarter. Geode Capital Management LLC now owns 27,039,043 shares of the technology company’s stock worth $430,081,000 after acquiring an additional 238,050 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPE. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 29th. They set a “neutral” rating and a $18.00 price target on the stock. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 30th. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. Finally, Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 434,884 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total value of $7,601,772.32. Following the completion of the transaction, the chief executive officer now directly owns 1,370,291 shares of the company’s stock, valued at $23,952,686.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 434,884 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $7,601,772.32. Following the completion of the sale, the chief executive officer now directly owns 1,370,291 shares of the company’s stock, valued at approximately $23,952,686.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now directly 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 ninety days. 0.53% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $17.00 on Tuesday. The stock has a 50-day simple moving average of $17.27 and a 200 day simple moving average of $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 12-month low of $11.90 and a 12-month high of $18.14. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 3.04 and a beta of 1.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.43 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 14th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.82%. Hewlett Packard Enterprise’s dividend payout ratio is 58.54%.

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.