Maxi Investments CY Ltd Acquires 118,806 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Maxi Investments CY Ltd increased its stake in Hewlett Packard Enterprise by 91%, owning 249,421 shares valued at approximately $3.85 million.
• Multiple institutional investors have also increased their holdings, with 80.78% of the company's stock now owned by institutional investors and hedge funds.
• Analysts have set new price targets for Hewlett Packard Enterprise, with Morgan Stanley raising it to $22.00 and Raymond James Financial to $26.00, indicating a generally positive outlook.

Maxi Investments CY Ltd increased its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 91.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,421 shares of the technology company's stock after purchasing an additional 118,806 shares during the quarter. Maxi Investments CY Ltd's holdings in Hewlett Packard Enterprise were worth $3,849,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP lifted its position in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after purchasing an additional 515 shares in the last quarter. Colonial Trust Co SC raised its position in Hewlett Packard Enterprise by 16.4% in the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after purchasing an additional 622 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 1.0% in 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 during the period. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 699 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Hewlett Packard Enterprise by 1.0% in 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 acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.2%

Shares of HPE stock traded up $0.44 during trading on Friday, reaching $20.84. The company's stock had a trading volume of 15,198,651 shares, compared to its average volume of 18,998,887. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $19.54 and a 200-day moving average price of $18.38. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.90 and a beta of 1.37. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion for 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the 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 transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the business's 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. Insiders sold a total of 128,590 shares of company stock valued at $2,436,000 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on HPE. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective on the stock. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.87.

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.