Hewlett Packard Enterprise Company (NYSE:HPE) Shares Bought by Stephens Inc. AR

Stephens Inc. AR lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 27.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,975 shares of the technology company’s stock after acquiring an additional 2,602 shares during the period. Stephens Inc. AR’s holdings in Hewlett Packard Enterprise were worth $185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Korea Investment CORP grew its stake in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock worth $21,434,000 after buying an additional 77,244 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at $301,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock worth $2,421,000 after acquiring an additional 28,123 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth about $164,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock worth $492,000 after purchasing an additional 699 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.09 on Monday. The stock’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $18.53. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The firm has a market cap of $27.67 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.35.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. Hewlett Packard Enterprise’s payout ratio is 52.53%.

Analyst Ratings Changes

HPE has been the subject of a number of recent research reports. Barclays raised their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, July 11th. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 20th. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 3rd. Finally, KeyCorp assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.71.

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.