GAMMA Investing LLC Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

GAMMA Investing LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 1,665.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,037 shares of the technology company's stock after purchasing an additional 258,516 shares during the period. GAMMA Investing LLC's holdings in Hewlett Packard Enterprise were worth $42,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HPE. Chicago Partners Investment Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $238,000. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Hewlett Packard Enterprise by 7.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,889 shares of the technology company's stock valued at $873,000 after acquiring an additional 2,658 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $561,000. CENTRAL TRUST Co raised its stake in shares of Hewlett Packard Enterprise by 17.3% during the fourth quarter. CENTRAL TRUST Co now owns 11,404 shares of the technology company's stock valued at $243,000 after acquiring an additional 1,681 shares in the last quarter. Finally, GDS Wealth Management raised its stake in shares of Hewlett Packard Enterprise by 110.3% during the fourth quarter. GDS Wealth Management now owns 270,821 shares of the technology company's stock valued at $5,782,000 after acquiring an additional 142,021 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research note on Wednesday, March 12th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Hewlett Packard Enterprise Stock Down 0.4%

NYSE HPE traded down $0.07 on Thursday, hitting $17.78. The stock had a trading volume of 23,708,464 shares, compared to its average volume of 17,305,962. The business's fifty day moving average price is $16.09 and its 200 day moving average price is $19.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The stock has a market cap of $23.35 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company's stock.

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.