Bleakley Financial Group LLC Has $832,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Bleakley Financial Group LLC lessened its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,646 shares of the technology company’s stock after selling 906 shares during the quarter. Bleakley Financial Group LLC’s holdings in Hewlett Packard Enterprise were worth $832,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in Hewlett Packard Enterprise by 605.2% in the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock worth $55,000 after purchasing an additional 2,790 shares during the period. Park Avenue Securities LLC lifted its position in shares of Hewlett Packard Enterprise by 11.4% during the 1st quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company’s stock valued at $387,000 after acquiring an additional 2,228 shares during the period. Atlas Capital Advisors LLC increased its holdings in Hewlett Packard Enterprise by 5.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 66,216 shares of the technology company’s stock valued at $1,174,000 after buying an additional 3,385 shares during the period. Janiczek Wealth Management LLC raised its position in Hewlett Packard Enterprise by 14.3% during the first quarter. Janiczek Wealth Management LLC now owns 10,614 shares of the technology company’s stock valued at $188,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Hewlett Packard Enterprise by 23.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,314 shares of the technology company’s stock worth $1,530,000 after buying an additional 16,374 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target on the stock. Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price on the stock. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Stock Down 1.2 %

Shares of Hewlett Packard Enterprise stock opened at $20.69 on Monday. The stock has a market capitalization of $26.89 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 3.38 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 has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a 50-day simple moving average of $19.11 and a two-hundred day simple moving average of $19.01.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by company insiders.

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.