Wealth Enhancement Advisory Services LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 5.5% during the 1st quarter, Holdings Channel reports. The firm owned 87,575 shares of the technology company’s stock after purchasing an additional 4,592 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,429,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in shares of Hewlett Packard Enterprise by 155.9% in the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock valued at $26,000 after purchasing an additional 985 shares during the period. Elmwood Wealth Management Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $28,000. DeDora Capital Inc. purchased a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $30,000. Delos Wealth Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $33,000. Finally, Evoke Wealth LLC lifted its stake in shares of Hewlett Packard Enterprise by 125.0% in the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock worth $35,000 after buying an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.
Shares of HPE stock opened at $13.75 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.90. The stock has a market capitalization of $17.87 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15. The company has a 50 day moving average price of $15.06 and a 200 day moving average price of $15.95. Hewlett Packard Enterprise has a fifty-two week low of $12.99 and a fifty-two week high of $17.76.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings data on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.80 billion. Hewlett Packard Enterprise had a net margin of 13.28% and a return on equity of 19.01%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Monday, June 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, June 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 17.27%.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 94,705 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the transaction, the executive vice president now owns 310,500 shares in the company, valued at approximately $4,682,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.
HPE has been the topic of several research reports. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $16.00 in a research note on Tuesday, June 14th. Sanford C. Bernstein raised shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, March 2nd. Raymond James reaffirmed an “outperform” rating and set a $19.00 target price (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 21st. Finally, Barclays reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.14.
Hewlett Packard Enterprise Profile (Get Rating)
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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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