Wealth Enhancement Advisory Services LLC Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 203,283 shares of the technology company's stock after acquiring an additional 62,480 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hewlett Packard Enterprise were worth $4,340,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $32,000. Finally, Elequin Capital LP bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $37,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HPE shares. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Loop Capital dropped their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. UBS Group raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday. Raymond James lifted their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Hewlett Packard Enterprise Stock Down 0.4%

NYSE:HPE traded down $0.07 during mid-day trading on Thursday, hitting $17.78. 23,708,464 shares of the company's stock traded hands, compared to its average volume of 17,305,962. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization of $23.35 billion, a P/E ratio of 9.36, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a fifty day moving average of $16.09 and a 200 day moving average of $19.08. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. Hewlett Packard Enterprise's revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS 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. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.