19,521 Shares in Hewlett Packard Enterprise Company (NYSE:HPE) Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,521 shares of the technology company’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aviso Financial Inc. grew its holdings in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after buying an additional 490 shares during the last quarter. Forum Financial Management LP grew its holdings in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock valued at $505,000 after buying an additional 515 shares during the last quarter. Huntington National Bank grew its holdings in Hewlett Packard Enterprise by 3.1% during the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company’s stock valued at $373,000 after buying an additional 529 shares during the last quarter. Meridian Investment Counsel Inc. grew its holdings in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company’s stock valued at $368,000 after buying an additional 599 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in Hewlett Packard Enterprise by 16.4% during the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company’s stock valued at $94,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Loop Capital increased their price target 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. Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Barclays increased their price target on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. UBS Group increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Finally, Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.31.

Hewlett Packard Enterprise Stock Up 0.9%

HPE opened at $17.94 on Friday. The firm’s 50-day simple moving average is $17.03 and its 200-day simple moving average is $18.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.63 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 52.53%.

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.