Benin Management CORP Purchases 17,626 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Benin Management CORP raised its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 70.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,554 shares of the technology company's stock after acquiring an additional 17,626 shares during the period. Benin Management CORP's holdings in Hewlett Packard Enterprise were worth $657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after purchasing an additional 440 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after purchasing an additional 461 shares during the last quarter. Aviso Financial Inc. increased its holdings in Hewlett Packard Enterprise by 0.9% in the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after purchasing an additional 490 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after acquiring an additional 515 shares during the period. Finally, Waterfront Wealth Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock valued at $2,769,000 after buying an additional 524 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.4%

HPE traded down $0.07 during trading on Thursday, reaching $17.78. The stock had a trading volume of 23,708,464 shares, compared to its average volume of 17,305,968. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average is $16.09 and its two-hundred day moving average is $19.08. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly 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 8.94% and a net margin of 8.56%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HPE shares. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday. Wall Street Zen downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Bank of America decreased their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Barclays raised their price target on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday. Nine research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

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.