Burns Matteson Capital Management LLC Buys Shares of 20,733 Hewlett Packard Enterprise Company (NYSE:HPE)

Burns Matteson Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,733 shares of the technology company's stock, valued at approximately $320,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $119,067,000. Slate Path Capital LP raised its holdings in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 1,382.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock valued at $70,447,000 after purchasing an additional 3,077,046 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $60,040,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, July 11th. 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. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.71.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The shares were 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. Over the last quarter, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Up 1.2%

HPE traded up $0.26 during trading on Friday, hitting $21.09. 14,175,513 shares of the company's stock were exchanged, compared to its average volume of 17,103,814. 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 1 year low of $11.97 and a 1 year high of $24.66. The stock has a 50 day moving average price of $18.67 and a 200 day moving average price of $18.57. The firm has a market cap of $27.67 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.94 and a beta of 1.35.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.47%. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

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.