Aspen Capital Management LLC Purchases Shares of 14,481 Hewlett Packard Enterprise Company (NYSE:HPE)

Aspen Capital Management LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 14,481 shares of the technology company's stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $25,000. Bruce G. Allen Investments LLC lifted its holdings 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 worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $31,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research report on Thursday. They set an "overweight" rating and a $30.00 target price for the company. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, Evercore ISI boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average price target of $22.71.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $21.09 on Friday. The business has a 50 day simple moving average of $18.75 and a two-hundred day simple moving average of $18.55. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $27.67 billion, a P/E ratio of 21.30, a PEG ratio of 3.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly 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. The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the business'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 transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 value 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 valued at $2,436,000 over the last three months. Company insiders own 0.36% of the company's stock.

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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