Calton & Associates Inc. Invests $193,000 in Hewlett Packard Enterprise Company $HPE

Key Points

• Calton & Associates Inc. has invested approximately $193,000 in Hewlett Packard Enterprise by purchasing 12,535 shares during the first quarter.
• The company reported an EPS of $0.38 for the last quarter, exceeding analysts' estimates, with a revenue of $7.63 billion, marking a 5.9% increase year-over-year.
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 2.3%.

Calton & Associates Inc. bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,535 shares of the technology company's stock, valued at approximately $193,000.

A number of other hedge funds also recently made changes to their positions in the company. Mubadala Investment Co PJSC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $2,709,000. SRN Advisors LLC increased its stake in Hewlett Packard Enterprise by 4.1% during the first quarter. SRN Advisors LLC now owns 62,232 shares of the technology company's stock worth $960,000 after acquiring an additional 2,431 shares during the last quarter. Vident Advisory LLC increased its stake in Hewlett Packard Enterprise by 14.6% during the first quarter. Vident Advisory LLC now owns 148,967 shares of the technology company's stock worth $2,299,000 after acquiring an additional 19,034 shares during the last quarter. State of Wyoming increased its stake in Hewlett Packard Enterprise by 51.7% during the first quarter. State of Wyoming now owns 9,717 shares of the technology company's stock worth $150,000 after acquiring an additional 3,313 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Hewlett Packard Enterprise by 24.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 151,662 shares of the technology company's stock worth $2,340,000 after acquiring an additional 30,130 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HPE. UBS Group boosted their price objective on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. 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. Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average price target of $24.87.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 461,924 shares of company stock worth $10,110,183 in the last ninety days. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Up 1.6%

HPE traded up $0.37 during trading on Friday, hitting $23.53. 24,229,009 shares of the stock were exchanged, compared to its average volume of 19,697,092. The firm has a 50 day simple moving average of $21.26 and a 200 day simple moving average of $18.40. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.07 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 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.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The company 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 8.99% and a net margin of 3.77%.Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. As a group, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

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.