Sanctuary Advisors LLC Invests $5.85 Million in Hewlett Packard Enterprise (NYSE:HPE)

Sanctuary Advisors LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 276,520 shares of the technology company’s stock, valued at approximately $5,854,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Hewlett Packard Enterprise by 233.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 161,945 shares of the technology company’s stock worth $2,750,000 after purchasing an additional 113,353 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Hewlett Packard Enterprise by 228.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 144,613 shares of the technology company’s stock valued at $2,456,000 after buying an additional 100,633 shares during the period. Cibc World Markets Corp grew its position in Hewlett Packard Enterprise by 131.6% during the fourth quarter. Cibc World Markets Corp now owns 165,128 shares of the technology company’s stock worth $2,804,000 after buying an additional 93,844 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $51,384,000. Finally, Schroder Investment Management Group raised its holdings in Hewlett Packard Enterprise by 2.1% in the 4th quarter. Schroder Investment Management Group now owns 887,201 shares of the technology company’s stock valued at $15,065,000 after acquiring an additional 18,467 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $20.62 on Friday. The business has a fifty day moving average of $18.59 and a 200-day moving average of $18.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The firm has a market cap of $26.80 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.52%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Finally, Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.31.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total transaction of $1,117,600.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of the 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the business’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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 168,242 shares of company stock worth $3,253,947. Company insiders own 0.40% of the company’s stock.

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.