Bell Bank Increases Stock Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Bell Bank increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 86.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,371 shares of the technology company's stock after acquiring an additional 158,616 shares during the period. Bell Bank's holdings in Hewlett Packard Enterprise were worth $5,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HPE. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $25,000. Bruce G. Allen Investments LLC lifted its stake in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after acquiring an additional 1,318 shares in the last quarter. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Ameriflex Group Inc. acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Finally, Elequin Capital LP acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HPE. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Barclays increased their price target on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Daiwa Capital Markets lowered 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 lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.31.

Insiders Place Their Bets

In other Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 0.6%

Shares of NYSE HPE traded down $0.11 during midday trading on Wednesday, hitting $17.79. 18,677,139 shares of the company's stock were exchanged, compared to its average volume of 16,655,426. 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 Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a market cap of $23.35 billion, a PE ratio of 17.97, a P/E/G ratio of 2.62 and a beta of 1.31. The firm's fifty day simple moving average is $16.81 and its 200-day simple moving average is $18.85.

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. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders 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 yield of 2.92%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

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.