Vest Financial LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 367.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,061 shares of the technology company's stock after buying an additional 99,110 shares during the period. Vest Financial LLC's holdings in Hewlett Packard Enterprise were worth $1,945,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of HPE. Putney Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Elequin Capital LP acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $37,000. Finally, Conquis Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 80.78% of the company's stock.
Wall Street Analyst Weigh In
HPE has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and increased their target price for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $21.31.
Read Our Latest Analysis on Hewlett Packard Enterprise
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.
Hewlett Packard Enterprise Trading Up 1.3%
NYSE:HPE traded up $0.23 during trading hours on Monday, hitting $18.34. The company had a trading volume of 13,412,108 shares, compared to its average volume of 16,923,246. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $16.18 and a 200 day moving average of $19.00. The company has a market cap of $24.09 billion, a P/E ratio of 9.65, 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.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.
About Hewlett Packard Enterprise
(
Free Report)
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.
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