Argonautica Private Wealth Management Inc. Purchases 13,550 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Argonautica Private Wealth Management Inc. raised its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,133 shares of the technology company's stock after buying an additional 13,550 shares during the period. Argonautica Private Wealth Management Inc.'s holdings in Hewlett Packard Enterprise were worth $588,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HPE. Korea Investment CORP grew its stake in shares of 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 worth $21,434,000 after acquiring an additional 77,244 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after buying an additional 28,123 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $164,000. Finally, Farther Finance Advisors LLC raised its holdings in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after acquiring an additional 699 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HPE shares. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Loop Capital raised their price target 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, KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus target price of $22.67.

Hewlett Packard Enterprise Trading Up 1.0%

Shares of NYSE:HPE traded up $0.20 during trading on Friday, hitting $20.71. 8,919,686 shares of the company's stock were exchanged, compared to its average volume of 19,790,958. The firm has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $18.52. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The firm has a market cap of $27.17 billion, a P/E ratio of 20.91, a PEG ratio of 2.25 and a beta of 1.35. 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 (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating 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 analysts' expectations of $7.51 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Buying and Selling

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the company's 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. Insiders sold a total of 128,590 shares of company stock worth $2,436,000 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

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.