Focus Partners Advisor Solutions LLC Has $637,000 Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Hewlett Packard Enterprise by 59.3%, owning 41,304 shares valued at approximately $637,000 after purchasing an additional 15,371 shares.
• Several institutional investors, including Vanguard Group Inc. and National Bank of Canada FI, have also raised their holdings in Hewlett Packard Enterprise significantly during the first quarter.
• Hewlett Packard Enterprise recently reported a quarterly earnings per share of $0.38, surpassing estimates, along with a dividend announcement of $0.13 per share to be paid on October 17th.

Focus Partners Advisor Solutions LLC grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 59.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,304 shares of the technology company's stock after acquiring an additional 15,371 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Hewlett Packard Enterprise were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC increased its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $27,000. Finally, Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Bank of America increased their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft increased their target price 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. UBS Group increased their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Susquehanna increased their target price on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.87.

Hewlett Packard Enterprise Stock Up 1.6%

Shares of HPE stock traded up $0.37 during trading on Friday, reaching $23.53. The company's stock had a trading volume of 24,229,009 shares, compared to its average volume of 20,148,998. The business has a fifty day moving average price of $21.26 and a 200-day moving average price of $18.38. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market cap of $31.05 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's payout ratio is currently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction 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 sale, the executive vice president owned 42,427 shares of the company's stock, valued at $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 SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was 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 have sold a total of 461,924 shares of company stock valued at $10,110,183 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

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.