Grimes & Company Inc. Boosts Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Grimes & Company Inc. lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,417 shares of the technology company's stock after acquiring an additional 19,141 shares during the period. Grimes & Company Inc. owned approximately 0.10% of Hewlett Packard Enterprise worth $20,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HPE. Aviso Financial Inc. lifted its stake 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 valued at $1,154,000 after buying an additional 490 shares in the last quarter. Forum Financial Management LP lifted its position in Hewlett Packard Enterprise by 2.2% in 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 in the last quarter. Waterfront Wealth Inc. boosted its stake in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock worth $2,769,000 after purchasing an additional 524 shares during the period. Huntington National Bank boosted its stake in Hewlett Packard Enterprise by 3.1% in the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock worth $373,000 after purchasing an additional 529 shares during the period. Finally, Meridian Investment Counsel Inc. increased its holdings in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company's stock worth $368,000 after purchasing an additional 599 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.9%

NYSE HPE traded up $0.16 on Friday, reaching $17.94. The company had a trading volume of 33,358,410 shares, compared to its average volume of 19,156,488. 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 $23.53 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.60 and a beta of 1.31. The company's fifty day moving average is $16.96 and its 200 day moving average is $18.82. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced 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. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 yield of 2.90%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPE. 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 report on Wednesday, June 4th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Evercore ISI upgraded Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $17.00 to $22.00 in a report on Tuesday, May 20th. Finally, Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.31.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction 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 can be accessed through the SEC website. 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.