19,399 Shares in Hewlett Packard Enterprise Company $HPE Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 19,399 shares of Hewlett Packard Enterprise valued at approximately $299,000 in the 1st quarter.
• Wall Street analysts have a generally positive outlook on HPE, with ratings ranging from "Strong Buy" to "Hold" and price targets lifted by several brokerages.
• The company recently announced a quarterly dividend of $0.13 per share, representing a dividend yield of 2.1% and a payout ratio of 63.41%.

MBB Public Markets I LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 19,399 shares of the technology company's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth $301,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Hewlett Packard Enterprise by 22.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after acquiring an additional 28,123 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth $164,000. Farther Finance Advisors LLC raised its stake in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after acquiring an additional 699 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Hewlett Packard Enterprise by 21.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock worth $218,000 after acquiring an additional 2,466 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HPE. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 4th. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. The Goldman Sachs Group lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $24.87.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold a total of 461,924 shares of company stock valued at $10,110,183 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.7%

Shares of NYSE:HPE opened at $24.86 on Friday. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 2.51 and a beta of 1.43. The firm's 50-day simple moving average is $21.52 and its 200-day simple moving average is $18.48. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.96.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

About Hewlett Packard Enterprise

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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