Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 138.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,938 shares of the technology company’s stock after buying an additional 17,938 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $655,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HPE. Nordea Investment Management AB lifted its stake in Hewlett Packard Enterprise by 12.3% during the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares during the last quarter. Sei Investments Co. lifted its position in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after buying an additional 196,112 shares during the period. Cetera Investment Advisers grew its position in shares of Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $931,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HPE shares. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Evercore ISI increased their price objective 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, UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.18.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. In the last three months, insiders sold 140,141 shares of company stock valued at $2,850,108. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Up 3.7 %

HPE stock opened at $19.37 on Tuesday. The firm’s 50-day moving average is $19.61 and its two-hundred day moving average is $18.42. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

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

Hewlett Packard Enterprise Company 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.