Farther Finance Advisors LLC Has $492,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Farther Finance Advisors LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,437 shares of the technology company’s stock after purchasing an additional 699 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its stake in Hewlett Packard Enterprise by 1.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 509,534 shares of the technology company’s stock worth $11,031,000 after buying an additional 8,620 shares during the period. Principal Securities Inc. raised its stake in Hewlett Packard Enterprise by 32.9% during the 4th quarter. Principal Securities Inc. now owns 12,162 shares of the technology company’s stock worth $260,000 after buying an additional 3,012 shares during the period. Allworth Financial LP raised its stake in Hewlett Packard Enterprise by 18.1% during the 4th quarter. Allworth Financial LP now owns 43,620 shares of the technology company’s stock worth $931,000 after buying an additional 6,680 shares during the period. Strategic Financial Concepts LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $374,000. Finally, Secured Retirement Advisors LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $788,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $17.64 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.03 and a beta of 1.31. The stock has a 50 day moving average of $16.63 and a 200 day moving average of $18.88. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. Hewlett Packard Enterprise’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 52.53%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPE. Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, June 9th. Wells Fargo & Company increased their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.31.

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.