Crossmark Global Holdings Inc. lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 138.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 606,287 shares of the technology company's stock after purchasing an additional 352,142 shares during the period. Crossmark Global Holdings Inc.'s holdings in Hewlett Packard Enterprise were worth $9,355,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Finally, Bruce G. Allen Investments LLC increased its stake in Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Hewlett Packard Enterprise
In other news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 27th. The shares were 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. In the last three months, insiders sold 128,590 shares of company stock valued at $2,436,000. Insiders own 0.36% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on HPE. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday. They issued a "peer perform" rating for the company. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday. Finally, KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.15.
Get Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Down 2.7%
HPE traded down $0.57 during trading hours on Friday, hitting $20.72. 20,877,305 shares of the company's stock were exchanged, compared to its average volume of 17,039,490. The stock has a market cap of $27.19 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.07 and a beta of 1.35. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The stock's 50-day moving average is $18.36 and its two-hundred day moving average is $18.61. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The business 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 firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.
Hewlett Packard Enterprise Profile
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Free Report)
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.
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