Atria Investments Inc Reduces Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Atria Investments Inc trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,979 shares of the technology company’s stock after selling 3,534 shares during the period. Atria Investments Inc’s holdings in Hewlett Packard Enterprise were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $28,000. Hazlett Burt & Watson Inc. grew its stake in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares in the last quarter. Financial Management Professionals Inc. raised its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC grew its holdings in Hewlett Packard Enterprise by 224.5% during 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. Finally, Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fidelma Russo sold 55,908 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 2.9 %

NYSE:HPE opened at $21.80 on Friday. 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 1 year low of $14.47 and a 1 year high of $22.82. The stock has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $19.56. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 3.36 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Citigroup increased their price target on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.21.

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.