Waterfront Wealth Inc. Has $2.47 Million Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

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 the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after purchasing an additional 681,242 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after buying an additional 3,208,424 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $292,959,000. Boston Partners boosted its holdings in shares of Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after buying an additional 2,058,562 shares during the period. Finally, Slate Path Capital LP boosted its holdings in shares of Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after buying an additional 3,924,039 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $18.50, for a total value of $555,000.00. Following the sale, the executive vice president now directly owns 72,427 shares in the company, valued at approximately $1,339,899.50. This trade represents a 29.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction that occurred on 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. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPE has been the subject of several recent analyst reports. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Evercore ISI raised shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and increased their price target for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Barclays increased their price target on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average target price of $21.31.

Hewlett Packard Enterprise Stock Up 0.4%

Shares of NYSE:HPE opened at $18.44 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a 50 day moving average of $17.37 and a 200-day moving average of $18.63. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 2.68 and a beta of 1.31.

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 analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm 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 firm posted $0.42 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 2.82%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

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.

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