Kingsview Wealth Management LLC Invests $214,000 in Hewlett Packard Enterprise Company (NYSE:HPE)

Kingsview Wealth Management LLC acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,838 shares of the technology company's stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Forum Financial Management LP boosted its holdings in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after purchasing an additional 515 shares during the period. Huntington National Bank raised its position in shares of Hewlett Packard Enterprise by 3.1% during the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock valued at $373,000 after buying an additional 529 shares in the last quarter. Meridian Investment Counsel Inc. raised its position in shares of 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 valued at $368,000 after buying an additional 599 shares in the last quarter. Colonial Trust Co SC raised its position in shares of 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 valued at $94,000 after buying an additional 622 shares in the last quarter. Finally, Lido Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after buying an additional 691 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HPE shares. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group upgraded shares of Hewlett Packard Enterprise to a "neutral" rating and set a $22.00 target price on the stock in a research report on Thursday. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Friday. They issued a "buy" rating and a $25.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.67.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of the company'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 transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last ninety days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 1.0%

Hewlett Packard Enterprise stock traded up $0.20 during trading hours on Friday, reaching $20.71. The stock had a trading volume of 8,919,686 shares, compared to its average volume of 19,790,958. The stock has a market cap of $27.17 billion, a PE ratio of 20.91, a PEG ratio of 2.25 and a beta of 1.35. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The company has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $18.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced 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 firm had revenue of $7.63 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.42 EPS. Analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

About Hewlett Packard Enterprise

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.