Arkadios Wealth Advisors Makes New $354,000 Investment in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Arkadios Wealth Advisors has made a new investment in Hewlett Packard Enterprise Company (NYSE:HPE), purchasing 22,964 shares valued at approximately $354,000.
• Several institutional investors have significantly increased their holdings in HPE, with Slate Path Capital boosting its stake by 44.8% during the last quarter.
• Hewlett Packard Enterprise's quarterly earnings results show an EPS of $0.38, exceeding analyst expectations, and the company has announced a quarterly dividend of $0.13 per share.

Arkadios Wealth Advisors acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,964 shares of the technology company's stock, valued at approximately $354,000.

Other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in Hewlett Packard Enterprise in the first quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $2,421,000 after acquiring an additional 28,123 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $164,000. Farther Finance Advisors LLC raised its stake in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after acquiring an additional 699 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Hewlett Packard Enterprise by 21.2% during the first quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock valued at $218,000 after purchasing an additional 2,466 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HPE shares. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a "neutral" rating and a $22.00 price objective for the company. Wolfe Research began coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Bank of America boosted their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.87.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business'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 disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock valued at $2,436,000 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 2.2%

NYSE HPE traded up $0.44 during trading on Friday, hitting $20.84. The stock had a trading volume of 15,194,535 shares, compared to its average volume of 18,998,818. The stock has a 50 day simple moving average of $19.54 and a 200 day simple moving average of $18.38. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 2.90 and a beta of 1.37.

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, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

About Hewlett Packard Enterprise

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.