IVC Wealth Advisors LLC Acquires 13,591 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• IVC Wealth Advisors LLC significantly increased its stake in Hewlett Packard Enterprise, acquiring an additional 13,591 shares, raising its total holdings by 119.4% to 24,972 shares valued at approximately $511,000.
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, translating to an annualized yield of 2.1%, with the payment date set for October 17th.
• Several equities research analysts have raised their price targets for Hewlett Packard Enterprise, with Barclays and Deutsche Bank setting new targets at $26.00 and $26.00 respectively, indicating a positive outlook for the stock.

IVC Wealth Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 119.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,972 shares of the technology company's stock after purchasing an additional 13,591 shares during the period. IVC Wealth Advisors LLC's holdings in Hewlett Packard Enterprise were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Hewlett Packard Enterprise by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after buying an additional 700 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Hewlett Packard Enterprise by 6.9% during the first quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company's stock valued at $178,000 after buying an additional 746 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 16.7% during the first quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company's stock valued at $83,000 after buying an additional 769 shares during the last quarter. Finally, Sunflower Bank N.A. grew its holdings in shares of Hewlett Packard Enterprise by 6.6% during the first quarter. Sunflower Bank N.A. now owns 12,834 shares of the technology company's stock valued at $198,000 after buying an additional 796 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 0.2%

Shares of Hewlett Packard Enterprise stock opened at $24.43 on Friday. The company's fifty day simple moving average is $22.76 and its 200-day simple moving average is $19.30. The stock has a market capitalization of $32.23 billion, a PE ratio of 29.79, a P/E/G ratio of 2.55 and a beta of 1.45. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock worth $12,922,932 in the last 90 days. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Raymond James Financial increased their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a report on Thursday, September 4th. Susquehanna increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $24.94.

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.

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