Freestone Capital Holdings LLC Has $407,000 Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Freestone Capital Holdings LLC increased its stake in Hewlett Packard Enterprise by 127.2%, now holding 26,395 shares valued at $407,000.
• Analysts have raised their target prices for HPE, with Bank of America setting a new target at $24.00 and JPMorgan Chase predicting a target price of $30.00.
• Insiders sold a total of 128,590 shares of HPE stock, valued at approximately $2.4 million, over the last 90 days, indicating significant insider activity.

Freestone Capital Holdings LLC boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 127.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,395 shares of the technology company's stock after purchasing an additional 14,779 shares during the period. Freestone Capital Holdings LLC's holdings in Hewlett Packard Enterprise were worth $407,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $301,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after purchasing an additional 28,123 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $164,000. Farther Finance Advisors LLC lifted its stake in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Hewlett Packard Enterprise by 21.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock worth $218,000 after buying an additional 2,466 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an "overweight" rating and a $30.00 target price for the company. Finally, Raymond James Financial lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.87.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction 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 valued at $2,436,000 over the last 90 days. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.63 on Tuesday. The firm has a 50 day moving average of $20.02 and a 200-day moving average of $18.24. The stock has a market capitalization of $28.38 billion, a PE ratio of 21.85, a PEG ratio of 3.05 and a beta of 1.37. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate 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 net margin of 4.60% and a return on equity of 9.59%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were given a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

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.

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