Rafferty Asset Management LLC Purchases 62,396 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rafferty Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,018 shares of the technology company’s stock after purchasing an additional 62,396 shares during the period. Rafferty Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $33,000. Salem Investment Counselors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,261 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $35,000. Founders Financial Alliance LLC lifted its stake in 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 valued at $42,000 after acquiring an additional 851 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in Hewlett Packard Enterprise by 111.4% during 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.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 10.7 %

NYSE:HPE opened at $19.49 on Thursday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $20.43. The stock’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $16.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The company has a market cap of $25.33 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.26 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.55%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday. UBS Group upped 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. Bank of America lifted their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.25.

View Our Latest Stock Report on HPE

About Hewlett Packard Enterprise

(Free Report)

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

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