Wealth Enhancement Advisory Services LLC Sells 27,360 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Wealth Enhancement Advisory Services LLC trimmed its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,923 shares of the technology company's stock after selling 27,360 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hewlett Packard Enterprise were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth $28,000. Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $31,000. Bruce G. Allen Investments LLC boosted its holdings in Hewlett Packard Enterprise by 345.0% in the first 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 during the period. Finally, Elequin Capital LP purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $37,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 13.2%

Shares of HPE stock traded up $2.43 on Monday, reaching $20.84. 28,303,761 shares of the company were exchanged, compared to its average volume of 16,558,167. The company has a 50-day moving average of $17.37 and a 200-day moving average of $18.60. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year 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 cap of $27.34 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.68 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $18.50, for a total transaction of $555,000.00. Following the sale, the executive vice president now owns 72,427 shares in the company, valued at approximately $1,339,899.50. The trade was a 29.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bethany Mayer sold 6,409 shares of the company'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. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Bank of America reduced their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $21.31.

Hewlett Packard Enterprise 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.