Hewlett Packard Enterprise Company (NYSE:HPE) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 23.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,806 shares of the technology company's stock after purchasing an additional 30,108 shares during the quarter. Waterfront Wealth Inc.'s holdings in Hewlett Packard Enterprise were worth $2,466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HPE. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC boosted its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares during the period. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.79 during midday trading on Wednesday, reaching $21.27. 29,645,086 shares of the stock were exchanged, compared to its average volume of 16,774,524. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.96 and a beta of 1.35. The business's 50-day moving average price is $17.59 and its 200 day moving average price is $18.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS 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 paid a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Insider Activity

In related 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 completion of the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,999 shares of company stock valued at $2,520,534. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPE. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, Susquehanna decreased their price target 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.54.

About Hewlett Packard Enterprise

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.