Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Hewlett Packard Enterprise by 16.6% during Q2, owning 205,136 shares worth approximately $4.38 million at the end of the quarter.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, representing an annualized yield of 2.1%, with an ex-dividend date on September 18th.
• Analysts have a consensus rating of "Moderate Buy" on Hewlett Packard Enterprise, with an average target price of $24.81 following multiple upgrades from major financial institutions.

Wealth Enhancement Advisory Services LLC raised its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,136 shares of the technology company's stock after acquiring an additional 29,213 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Hewlett Packard Enterprise were worth $4,378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HPE. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise during 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% 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 purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $27,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.0%

Shares of HPE opened at $24.21 on Friday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.36. The company has a 50-day moving average of $22.31 and a 200 day moving average of $18.91. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.51 and a beta of 1.43. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a "market perform" rating and a $24.00 target price on the stock. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average target price of $24.81.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 573,738 shares of company stock worth $13,539,132. Corporate insiders own 0.36% of the company's stock.

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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