Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,365 shares of the technology company’s stock after buying an additional 16,837 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Hewlett Packard Enterprise were worth $4,853,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Rise Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Johnson Financial Group Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $35,000. Finally, American National Bank grew its position in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 0.2 %

Shares of Hewlett Packard Enterprise stock opened at $18.81 on Friday. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company’s 50-day simple moving average is $18.69 and its 200-day simple moving average is $18.62. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

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

Wall Street Analyst Weigh In

Several research firms have issued reports on HPE. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, June 7th. Barclays lifted their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $21.08.

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.