11,909 Shares in Hewlett Packard Enterprise Company $HPE Purchased by PFG Investments LLC

Key Points

• PFG Investments LLC acquired a new stake in Hewlett Packard Enterprise (HPE), purchasing 11,909 shares valued at approximately $244,000 during the second quarter.
• The company announced a quarterly dividend of $0.13 per share, with a yield of 2.1%, to be paid on October 17th.
• Hewlett Packard Enterprise's stock currently has a market capitalization of $32.23 billion and has seen significant analyst interest, with a consensus target price of $24.94.

PFG Investments LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,909 shares of the technology company's stock, valued at approximately $244,000.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Strs Ohio bought a new stake in Hewlett Packard Enterprise during the first quarter worth about $15,663,000. Sowell Financial Services LLC bought a new stake in Hewlett Packard Enterprise during the first quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after buying an additional 28,123 shares during the last quarter. Signal Advisors Wealth LLC bought a new stake in Hewlett Packard Enterprise during the second quarter worth about $300,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise during the first quarter worth about $164,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $24.43 on Monday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.36. The stock has a market cap of $32.23 billion, a PE ratio of 29.79, a PEG ratio of 2.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm's 50 day moving average price is $22.76 and its two-hundred day moving average price is $19.32.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Analysts Set New Price Targets

Several brokerages have weighed in on HPE. Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price objective on the stock. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target on the stock. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus price target of $24.94.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by insiders.

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.

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