AlphaStar Capital Management LLC Raises Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

AlphaStar Capital Management LLC boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,851 shares of the technology company's stock after buying an additional 13,636 shares during the period. AlphaStar Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $1,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Korea Investment CORP boosted its position in Hewlett Packard Enterprise by 8.3% in the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after buying an additional 77,244 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hewlett Packard Enterprise by 22.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after buying an additional 28,123 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $3,598,000. Finally, Atria Investments Inc raised its stake in shares of Hewlett Packard Enterprise by 24.3% during the 4th quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock worth $530,000 after buying an additional 4,864 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $20.83 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm has a market capitalization of $27.33 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.09 and a beta of 1.35. The stock's 50-day simple moving average is $18.00 and its 200-day simple moving average is $18.59.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the company earned $0.42 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Activity

In related news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last three months. Corporate insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. 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. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Morgan Stanley upped their target price 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. Finally, Raymond James Financial upped their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.85.

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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