Alps Advisors Inc. Grows Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Alps Advisors Inc. boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,210 shares of the technology company's stock after acquiring an additional 20,260 shares during the period. Alps Advisors Inc.'s holdings in Hewlett Packard Enterprise were worth $1,377,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. Aviso Financial Inc. lifted its holdings in Hewlett Packard Enterprise by 0.9% during 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 Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after purchasing an additional 515 shares in the last quarter. Huntington National Bank lifted its holdings in Hewlett Packard Enterprise by 3.1% during 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 in the last quarter. Meridian Investment Counsel Inc. lifted 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. Finally, Colonial Trust Co SC lifted its holdings in Hewlett Packard Enterprise by 16.4% during the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.06 during trading on Monday, hitting $20.67. 1,980,943 shares of the stock traded hands, compared to its average volume of 19,506,920. 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 cap of $27.12 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.99 and a beta of 1.35. The firm's fifty day moving average is $18.36 and its 200-day moving average is $18.56. 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 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.52%. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the firm'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 transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on HPE shares. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Finally, Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $22.15.

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.