Truist Financial Corp Has $8.27 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Truist Financial Corp raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 390,521 shares of the technology company’s stock after purchasing an additional 56,288 shares during the quarter. Truist Financial Corp’s holdings in Hewlett Packard Enterprise were worth $8,267,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Rise Advisors LLC grew its position in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of 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 buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. American National Bank raised its stake in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,282 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Susquehanna restated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.31.

Hewlett Packard Enterprise Stock Up 1.3 %

NYSE:HPE opened at $20.62 on Friday. The stock’s fifty day simple moving average is $18.59 and its 200-day simple moving average is $18.78. The firm has a market capitalization of $26.80 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.05 and a beta of 1.19. 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 has a 12-month low of $14.47 and a 12-month high of $22.82.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders 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 annualized dividend and a dividend yield of 2.52%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’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 transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,242 shares of company stock valued at $3,253,947 over the last 90 days. 0.40% of the stock is owned by company insiders.

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.