Abundance Wealth Counselors Takes $1.47 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Abundance Wealth Counselors has acquired a new stake in Hewlett Packard Enterprise Company (HPE) worth approximately $1.47 million, purchasing 71,799 shares during the second quarter.
• The company announced a quarterly dividend of $0.13 per share, to be paid on October 17th, representing a yield of 2.1%.
• CEO Antonio F. Neri sold 166,666 shares of HPE for a total of $4.17 million, reducing his ownership by 9.51% to approximately 1.585 million shares.

Abundance Wealth Counselors bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 71,799 shares of the technology company's stock, valued at approximately $1,468,000.

Several other hedge funds also recently modified their holdings of HPE. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC boosted its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $27,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $31,000. Finally, Financial Freedom LLC raised its position in shares of Hewlett Packard Enterprise by 76.7% in the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company's stock valued at $34,000 after acquiring an additional 954 shares during the period. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The company has a market capitalization of $32.32 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 2.60 and a beta of 1.45. The company's 50 day moving average price is $22.68 and its two-hundred day moving average price is $19.22. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $25.36.

Hewlett Packard Enterprise Announces Dividend

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 issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 543,738 shares of company stock worth $12,922,932. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on HPE shares. The Goldman Sachs Group increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Evercore ISI increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average price target of $24.94.

Hewlett Packard Enterprise 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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