Seven Eight Capital LP Buys Shares of 56,633 Hewlett Packard Enterprise (NYSE:HPE)

Seven Eight Capital LP bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 56,633 shares of the technology company’s stock, valued at approximately $962,000.

Several other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in Hewlett Packard Enterprise by 7.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after buying an additional 666 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares during the last quarter. Montgomery Investment Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after purchasing an additional 700 shares during the last quarter. IMPACTfolio LLC grew its stake in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock worth $237,000 after purchasing an additional 705 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 0.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 152,282 shares of the technology company’s stock worth $2,645,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise 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 sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPE. Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Bank of America raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.69.

Read Our Latest Stock Report on HPE

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $20.03 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The stock has a market cap of $26.03 billion, a P/E ratio of 14.62, a P/E/G ratio of 2.89 and a beta of 1.18. The firm has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $16.81. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $20.43.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. Research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Hewlett Packard Enterprise Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPEFree Report).

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.