Hewlett Packard Enterprise (NYSE:HPE) Stake Increased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 45.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,409 shares of the technology company’s stock after buying an additional 72,742 shares during the quarter. NewEdge Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HPE. Rise Advisors LLC grew its position in Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. American National Bank increased 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 worth $35,000 after acquiring an additional 920 shares during the last quarter. Finally, ORG Partners LLC boosted its position in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 directly owns 82,061 shares in the company, valued at $1,395,037. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Down 2.5 %

NYSE HPE opened at $19.95 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market cap of $25.93 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19. The stock’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $18.72. Hewlett Packard Enterprise has a one year low of $14.47 and a one year 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 analysts’ consensus estimates 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 firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. 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 2.61%. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Sanford C. Bernstein lifted their target price on shares of 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. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective for the company. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.31.

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.