Wedmont Private Capital Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

Wedmont Private Capital boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,514 shares of the technology company’s stock after purchasing an additional 1,179 shares during the quarter. Wedmont Private Capital’s holdings in Hewlett Packard Enterprise were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. National Bank of Canada FI raised its stake in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the period. AQR Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock valued at $193,078,000 after acquiring an additional 3,922,516 shares during the period. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after acquiring an additional 2,779,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after acquiring an additional 2,373,850 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $30,408,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred 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 $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 668,590 shares of company stock valued at $15,265,033. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.0%

NYSE:HPE opened at $24.99 on Monday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.35. The stock has a market capitalization of $32.97 billion, a P/E ratio of 30.48, a P/E/G ratio of 2.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The company’s 50-day simple moving average is $21.98 and its 200-day simple moving average is $18.70.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, June 9th. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Finally, Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.81.

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.