Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,932 shares of the technology company's stock after acquiring an additional 29,400 shares during the quarter. Long Run Wealth Advisors LLC's holdings in Hewlett Packard Enterprise were worth $1,372,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $238,000. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 7.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,889 shares of the technology company's stock worth $873,000 after buying an additional 2,658 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $561,000. CENTRAL TRUST Co raised its position in shares of Hewlett Packard Enterprise by 17.3% during the 4th quarter. CENTRAL TRUST Co now owns 11,404 shares of the technology company's stock valued at $243,000 after buying an additional 1,681 shares in the last quarter. Finally, GDS Wealth Management grew its position in Hewlett Packard Enterprise by 110.3% in the fourth quarter. GDS Wealth Management now owns 270,821 shares of the technology company's stock worth $5,782,000 after acquiring an additional 142,021 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPE has been the subject of several analyst reports. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, UBS Group increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Down 0.4%

Hewlett Packard Enterprise stock traded down $0.07 during mid-day trading on Thursday, reaching $17.78. 23,708,464 shares of the company were exchanged, compared to its average volume of 17,305,968. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The business has a fifty day moving average of $16.09 and a 200 day moving average of $19.08. The firm has a market cap of $23.35 billion, a P/E ratio of 9.36, a PEG ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released 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 business 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 8.56% and a return on equity of 8.94%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Research analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

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.