Simplicity Wealth LLC Buys New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Simplicity Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,252 shares of the technology company's stock, valued at approximately $785,000.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Hewlett Packard Enterprise by 7.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock valued at $159,000 after buying an additional 666 shares during the period. Verdence Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company's stock worth $405,000 after purchasing an additional 693 shares during the period. Montgomery Investment Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2.9% during the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company's stock valued at $424,000 after purchasing an additional 700 shares in the last quarter. IMPACTfolio LLC grew its stake in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company's stock valued at $237,000 after purchasing an additional 705 shares during the period. Finally, Avantax Planning Partners Inc. raised its holdings in shares of Hewlett Packard Enterprise by 5.5% in the 3rd quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company's stock worth $245,000 after buying an additional 730 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the firm's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now owns 15,541 shares of the company's stock, valued at approximately $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Down 0.3 %

NYSE:HPE traded down $0.06 on Monday, hitting $17.80. 10,007,115 shares of the stock were exchanged, compared to its average volume of 13,990,249. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 3.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. Hewlett Packard Enterprise has a 52 week low of $13.79 and a 52 week high of $20.07. The company's 50-day moving average price is $17.38 and its 200 day moving average price is $16.56.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the prior year, the business posted $0.38 earnings per share. Hewlett Packard Enterprise's revenue was down 13.5% compared to the same quarter last year. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.92%. Hewlett Packard Enterprise's dividend payout ratio is 35.86%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HPE. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 17th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Stifel Nicolaus dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday, March 1st. Evercore ISI reduced their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a report on Friday, March 1st. Finally, Morgan Stanley raised their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.91.

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.

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