Cutter & CO Brokerage Inc. Acquires 16,226 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Cutter & CO Brokerage Inc. grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 116.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,189 shares of the technology company's stock after acquiring an additional 16,226 shares during the period. Cutter & CO Brokerage Inc.'s holdings in Hewlett Packard Enterprise were worth $466,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HPE. Atria Investments Inc lifted its position in Hewlett Packard Enterprise by 24.3% during the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock worth $530,000 after acquiring an additional 4,864 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $3,598,000. AlphaQuest LLC lifted its position in Hewlett Packard Enterprise by 231.7% during the fourth quarter. AlphaQuest LLC now owns 8,117 shares of the technology company's stock worth $173,000 after acquiring an additional 5,670 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $321,000. Finally, HighTower Advisors LLC lifted its position in Hewlett Packard Enterprise by 22.8% during the fourth quarter. HighTower Advisors LLC now owns 368,145 shares of the technology company's stock worth $7,860,000 after acquiring an additional 68,402 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.47 during mid-day trading on Thursday, reaching $20.82. The stock had a trading volume of 18,801,016 shares, compared to its average volume of 17,115,537. The stock has a 50-day simple moving average of $18.67 and a two-hundred day simple moving average of $18.57. The stock has a market capitalization of $27.31 billion, a PE ratio of 21.03, a P/E/G ratio of 2.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. 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 announced 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. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last quarter. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HPE. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.71.

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.