Wealth Enhancement Advisory Services LLC increased its stake in Hewlett Packard Enterprise (NYSE: HPE – Get Rating) by 5.5% during Q1, Holdings Channel reports. The company held 87,575 shares of the technology company after buying 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 have also recently changed their positions in the company. Financial Management Professionals Inc. increased its position in Hewlett Packard Enterprise shares by 155.9% in the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company valued at $26,000 after purchasing an additional 985 shares during the period. Elmwood Wealth Management Inc. bought a new position in Hewlett Packard Enterprise stock in the fourth quarter worth about $28,000. DeDora Capital Inc. bought a new position in Hewlett Packard Enterprise stock in the first quarter worth about $30,000. Delos Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise stock in the fourth quarter worth about $33,000. Finally, Evoke Wealth LLC increased its stake in Hewlett Packard Enterprise shares by 125.0% in the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company worth $35,000 after buying 1,234 additional shares in the last quarter. Institutional investors and hedge funds hold 82.70% of the company’s shares.
HPE shares opened at $13.75 on Wednesday. The company has a debt 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 minimum of $12.99 and a fifty-two week maximum of $17.76.
Hewlett Packard Enterprise (NYSE: HPE – Get Rating) last reported quarterly earnings data on Wednesday, June 1. The technology company reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). The company posted revenue of $6.70 billion in the quarter, versus analyst estimates of $6.80 billion. Hewlett Packard Enterprise achieved a net margin of 13.28% and a return on equity of 19.01%. The company’s revenue for the quarter increased 0.0% year over year. During the same quarter last year, the company posted EPS of $0.19. On average, research analysts expect Hewlett Packard Enterprise to post 1.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8. Investors of record on Monday, June 13 will receive a dividend of $0.12. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, June 10. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 17.27%.
In other Hewlett Packard Enterprise news, Executive Vice President Alan Richard May sold 94,705 shares of the company in a deal that took place Friday, June 3. 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 of 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. Additionally, Executive Vice President Thomas E. Black, Jr. sold 28,347 shares of the company in a transaction that took place on Tuesday, June 7. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure of this sale can be found here. Insiders own 0.45% of the shares of the company.
HPE has been the subject of several research reports. StockNews.com downgraded Hewlett Packard Enterprise shares from a “buy” rating to a “hold” rating in a Monday, June 6 research rating. Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise shares from a “buy” rating to a “hold” rating and lowered its price target for the stock from $18.00 to $16.00 in a rating of search for Tuesday, June 14. Sanford C. Bernstein upgraded Hewlett Packard Enterprise shares from a “market performance” rating to an “outperform” rating and set a target price of $20.00 on the stock in a research note Wednesday, March 2. Raymond James reaffirmed an “outperform” rating and set a target price of $19.00 (vs. $20.00) on Hewlett Packard Enterprise shares in a Tuesday, June 21 research note. Finally, Barclays cut its price target on Hewlett Packard Enterprise shares from $20.00 to $19.00 and set an “overweight” rating on the stock in a Thursday, June 2 research note. Three investment analysts have assigned the stock a sell rating, three have issued a hold rating and six have assigned the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.14.
Hewlett Packard Company Profile (Get an assessment)
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, 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 area networks and disk products, such as HPE Modular Storage Arrays and HPE XP.
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