Cetera Investment Advisers Has $2.75 Million Stock Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Cetera Investment Advisers lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,470 shares of the technology company’s stock after purchasing an additional 23,016 shares during the period. Cetera Investment Advisers’ holdings in Hewlett Packard Enterprise were worth $2,754,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Slate Path Capital LP boosted its holdings in Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares during the period. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock worth $345,534,000 after acquiring an additional 3,208,424 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock worth $70,447,000 after acquiring an additional 3,077,046 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $60,040,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hewlett Packard Enterprise by 330.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company’s stock worth $60,690,000 after acquiring an additional 2,182,800 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HPE. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, July 3rd. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 24th. They issued a “neutral” rating and a $22.00 price target for the company. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Finally, Evercore ISI increased their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.87.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the 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 directly owned 42,427 shares of the company’s stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their ownership of the stock. 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. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $20.14 on Thursday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.18 and a beta of 1.37. The company’s 50 day moving average is $19.48 and its two-hundred day moving average is $18.40. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is 52.53%.

Hewlett Packard Enterprise 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.