20,501 Shares in Hewlett Packard Enterprise Company $HPE Bought by Register Financial Advisors LLC

Key Points

• Register Financial Advisors LLC purchased 20,501 shares of Hewlett Packard Enterprise (HPE) valued at approximately $419,000 in the second quarter.
• Insider transactions showed significant selling, with EVP Maeve C. Culloty and Phil Mottram selling 3,738 and 30,000 shares respectively, indicating a shifting dynamic among executives.
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13, reflecting a 2.1% yield, while its financial metrics include a market capitalization of $31.94 billion.

Register Financial Advisors 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 and Exchange Commission. The fund purchased 20,501 shares of the technology company's stock, valued at approximately $419,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after acquiring an additional 2,779,446 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hewlett Packard Enterprise by 15.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock worth $271,333,000 after acquiring an additional 2,373,850 shares in the last quarter. Northern Trust Corp increased its holdings in Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after acquiring an additional 545,775 shares in the last quarter. National Bank of Canada FI increased its holdings in Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after acquiring an additional 3,922,516 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company'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 completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 573,738 shares of company stock worth $13,539,132. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 1.0%

NYSE HPE opened at $24.21 on Friday. The firm's 50-day moving average is $22.31 and its two-hundred day moving average is $18.91. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $25.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The stock has a market capitalization of $31.94 billion, a P/E ratio of 29.52, a PEG ratio of 2.51 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given 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 is presently 63.41%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. 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 target price on the stock. Susquehanna lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.81.

Hewlett Packard Enterprise Company 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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