D.A. Davidson & CO. Buys Shares of 75,675 Hewlett Packard Enterprise Company (NYSE:HPE)

D.A. Davidson & CO. acquired a new stake 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 SEC. The fund acquired 75,675 shares of the technology company's stock, valued at approximately $1,168,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aviso Financial Inc. lifted its holdings in Hewlett Packard Enterprise by 0.9% in the 4th 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 holdings in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after buying an additional 515 shares in the last quarter. Huntington National Bank boosted its position in shares of Hewlett Packard Enterprise by 3.1% during the fourth quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock worth $373,000 after acquiring an additional 529 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in Hewlett Packard Enterprise by 3.6% during the fourth quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company's stock valued at $368,000 after acquiring an additional 599 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in Hewlett Packard Enterprise by 16.4% in the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after acquiring an additional 622 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction 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 worth $2,436,000 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Down 2.7%

NYSE:HPE traded down $0.57 during mid-day trading on Friday, hitting $20.72. 20,877,305 shares of the stock traded hands, compared to its average volume of 17,070,948. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.99 and a beta of 1.35. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The firm's 50 day moving average is $18.36 and its two-hundred day moving average is $18.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The company 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%. Hewlett Packard Enterprise's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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 issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

Analysts Set New Price Targets

HPE has been the subject of a number of research analyst reports. Evercore ISI raised 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. Morgan Stanley raised their price target 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. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Finally, Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.15.

About Hewlett Packard Enterprise

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.