Bar Harbor Wealth Management Raises Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Bar Harbor Wealth Management increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 1,041.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,320 shares of the technology company's stock after acquiring an additional 97,920 shares during the quarter. Bar Harbor Wealth Management's holdings in Hewlett Packard Enterprise were worth $1,656,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HPE. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $25,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $31,000. Bruce G. Allen Investments LLC raised 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 valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Elequin Capital LP purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $37,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Morgan Stanley upped their price objective 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. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Finally, Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.31.

Hewlett Packard Enterprise Price Performance

HPE traded down $0.49 on Friday, reaching $17.64. The company had a trading volume of 13,035,943 shares, compared to its average volume of 16,800,565. The business has a 50 day simple moving average of $16.63 and a 200 day simple moving average of $18.90. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.03 and a beta of 1.31. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.95%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.