20,648 Shares in Hewlett Packard Enterprise Company (NYSE:HPE) Acquired by Brighton Jones LLC

Brighton Jones LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,648 shares of the technology company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in Hewlett Packard Enterprise by 21.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock worth $218,000 after buying an additional 2,466 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Hewlett Packard Enterprise by 8.3% in the first quarter. Sound Income Strategies LLC now owns 14,136 shares of the technology company's stock worth $218,000 after purchasing an additional 1,085 shares during the last quarter. Ritholtz Wealth Management boosted its position in Hewlett Packard Enterprise by 17.1% during the first quarter. Ritholtz Wealth Management now owns 94,781 shares of the technology company's stock valued at $1,462,000 after buying an additional 13,807 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $37,000. Finally, Bar Harbor Wealth Management increased its holdings in shares of Hewlett Packard Enterprise by 1,041.7% in the first quarter. Bar Harbor Wealth Management now owns 107,320 shares of the technology company's stock worth $1,656,000 after buying an additional 97,920 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.6%

Shares of NYSE HPE traded down $0.11 on Wednesday, reaching $17.79. 18,677,139 shares of the company's stock traded hands, compared to its average volume of 16,765,541. The business's 50 day simple moving average is $16.81 and its two-hundred day simple moving average is $18.85. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.67 and a beta of 1.31. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.92%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Analyst Ratings Changes

HPE has been the subject of several analyst reports. Evercore ISI upgraded Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and increased their target price for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Raymond James Financial increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average target price of $21.31.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.

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.