J.W. Cole Advisors Inc. Purchases Shares of 9,803 Hewlett Packard Enterprise (NYSE:HPE)

J.W. Cole Advisors Inc. acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,803 shares of the technology company’s stock, valued at approximately $208,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $51,384,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hewlett Packard Enterprise during the first quarter worth about $51,938,000. Finally, Norges Bank purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $48,291,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.08.

Hewlett Packard Enterprise Price Performance

HPE opened at $18.85 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $24.50 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The stock’s 50 day moving average price is $18.74 and its 200-day moving average price is $18.61. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.76%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insiders Place Their Bets

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

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.