14,709 Shares in Hewlett Packard Enterprise Company $HPE Acquired by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC has acquired a new stake in Hewlett Packard Enterprise Company valued at approximately $300,000 by purchasing 14,709 shares in the second quarter.
• Company insiders have sold a total of 668,590 shares worth around $15.26 million in the last ninety days, indicating a potential shift in confidence among company executives.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, set to be paid on October 17, reflecting an annualized yield of 2.1%.

Signal Advisors Wealth LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,709 shares of the technology company's stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $31,000. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Phil Mottram sold 30,000 shares of the firm'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 transaction of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 668,590 shares of company stock worth $15,265,033 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Down 0.6%

Shares of HPE stock traded down $0.15 on Tuesday, reaching $25.01. 9,067,664 shares of the stock were exchanged, compared to its average volume of 19,380,084. The stock has a 50 day moving average price of $22.07 and a 200 day moving average price of $18.76. The stock has a market cap of $33.00 billion, a PE ratio of 30.52, a P/E/G ratio of 2.57 and a beta of 1.43. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one 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 Dividend Announcement

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

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent research reports. Bank of America increased their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a research note on Thursday, September 4th. Finally, UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.81.

Hewlett Packard Enterprise 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.