Sowell Financial Services LLC Purchases Shares of 19,521 Hewlett Packard Enterprise Company (NYSE:HPE)

Sowell Financial Services LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,521 shares of the technology company's stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aviso Financial Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock valued at $1,154,000 after purchasing an additional 490 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after buying an additional 515 shares in the last quarter. Huntington National Bank grew its position in shares of Hewlett Packard Enterprise by 3.1% in the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock worth $373,000 after buying an additional 529 shares during the period. Meridian Investment Counsel Inc. lifted its position in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company's stock valued at $368,000 after acquiring an additional 599 shares during the period. Finally, Colonial Trust Co SC grew its holdings in Hewlett Packard Enterprise by 16.4% in the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after purchasing an additional 622 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE stock traded up $0.37 on Wednesday, hitting $18.52. The company had a trading volume of 12,012,880 shares, compared to its average volume of 16,499,108. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.66 and a beta of 1.31. The stock's 50-day simple moving average is $17.17 and its 200 day simple moving average is $18.71.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the business posted $0.42 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HPE. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. Morgan Stanley raised their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Susquehanna dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.31.

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.