37,002 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by Procyon Advisors LLC

Procyon Advisors LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,002 shares of the technology company's stock, valued at approximately $571,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Hewlett Packard Enterprise by 28.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,197 shares of the technology company's stock worth $2,709,000 after buying an additional 27,914 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Hewlett Packard Enterprise by 1.7% in the 4th quarter. Bleakley Financial Group LLC now owns 41,356 shares of the technology company's stock valued at $883,000 after purchasing an additional 710 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $374,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Hewlett Packard Enterprise by 11.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 142,835 shares of the technology company's stock worth $3,050,000 after purchasing an additional 14,720 shares in the last quarter. Finally, Vest Financial LLC raised its stake in Hewlett Packard Enterprise by 25.5% in the fourth quarter. Vest Financial LLC now owns 26,951 shares of the technology company's stock valued at $575,000 after buying an additional 5,470 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.04 during midday trading on Tuesday, reaching $18.35. 12,934,998 shares of the company's stock were exchanged, compared to its average volume of 16,880,868. The business's 50-day moving average price is $16.23 and its 200 day moving average price is $18.97. The stock has a market capitalization of $24.10 billion, a PE ratio of 9.66, a P/E/G ratio of 2.03 and a beta of 1.31. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) 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 return on equity of 8.94% and a net margin of 8.56%. Hewlett Packard Enterprise's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.83%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HPE shares. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Barclays raised their price target on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Eight research analysts have rated the stock with 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $21.31.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

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.