Beacon Pointe Advisors LLC Has $7.49 Million Holdings in Hewlett Packard Enterprise Company $HPE

Beacon Pointe Advisors LLC boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,022 shares of the technology company’s stock after buying an additional 24,764 shares during the period. Beacon Pointe Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $7,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in Hewlett Packard Enterprise by 14.8% during the first quarter. Cetera Investment Advisers now owns 178,470 shares of the technology company’s stock valued at $2,754,000 after purchasing an additional 23,016 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $354,000. Banco Santander S.A. raised its holdings in shares of Hewlett Packard Enterprise by 16.6% during the 1st quarter. Banco Santander S.A. now owns 11,597 shares of the technology company’s stock worth $179,000 after buying an additional 1,647 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Hewlett Packard Enterprise by 70.6% during the 1st quarter. Bank of Nova Scotia now owns 747,342 shares of the technology company’s stock worth $11,531,000 after buying an additional 309,231 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at about $170,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.93 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The firm has a market cap of $28.93 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s fifty day moving average is $23.37 and its 200-day moving average is $21.57.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays increased their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley restated an “equal weight” rating and issued a $25.00 target price (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Finally, Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.24.

Insider Buying and Selling

In related news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 293,738 shares of company stock valued at $7,252,098 over the last ninety days. 0.36% of the stock is owned by company insiders.

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.