WBH Advisory Inc. Invests $230,000 in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• WBH Advisory Inc. invested $230,000 in Hewlett Packard Enterprise (NYSE:HPE) by acquiring nearly 15,000 shares in the first quarter.
• Hewlett Packard Enterprise reported a quarterly EPS of $0.38, exceeding analyst expectations, with a revenue of $7.63 billion, reflecting a 5.9% year-over-year increase.
• The company declared a quarterly dividend of $0.13, indicating an annualized dividend of $0.52 and a dividend yield of 2.5%.

WBH Advisory Inc. bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,937 shares of the technology company's stock, valued at approximately $230,000.

A number of other hedge funds have also modified their holdings of the company. Forum Financial Management LP boosted its position in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after acquiring an additional 515 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Hewlett Packard Enterprise by 16.4% during the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after acquiring an additional 622 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after acquiring an additional 691 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Hewlett Packard Enterprise by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock worth $1,089,000 after purchasing an additional 700 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 1.0%

HPE stock traded down $0.21 during trading on Monday, hitting $20.60. The company had a trading volume of 15,784,199 shares, compared to its average volume of 14,798,562. The firm has a market capitalization of $27.03 billion, a P/E ratio of 12.54, a PEG ratio of 3.00 and a beta of 1.37. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a 50 day simple moving average of $19.61 and a 200-day simple moving average of $18.28. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted 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. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last three months. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HPE. Loop Capital lifted their price objective 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. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Bank of America lifted their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.87.

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.