Delap Wealth Advisory LLC Makes New $297,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Delap Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,016 shares of the technology company’s stock, valued at approximately $297,000.

A number of other large investors have also bought and sold shares of HPE. Pacer Advisors Inc. grew its position in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of 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 purchasing an additional 3,291,880 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $51,384,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at $51,938,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPE. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.08.

Hewlett Packard Enterprise Trading Down 0.2 %

Shares of HPE stock opened at $18.81 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $18.62. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm has a market cap of $24.45 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

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.