Bank of Stockton purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the technology company's stock, valued at approximately $614,000.
Other large investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $28,000. Hazlett Burt & Watson Inc. increased its holdings in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. ORG Partners LLC increased its holdings in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after purchasing an additional 1,282 shares during the last quarter. Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock valued at $41,000 after purchasing an additional 625 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at about $51,000. Institutional investors and hedge funds own 80.78% of the company's stock.
In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company's stock.
Shares of NYSE:HPE traded up $0.37 during mid-day trading on Friday, reaching $19.77. 2,054,988 shares of the stock were exchanged, compared to its average volume of 15,552,938. The stock's 50 day simple moving average is $19.24 and its 200-day simple moving average is $19.04. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.69 billion, a P/E ratio of 14.16, a P/E/G ratio of 3.38 and a beta of 1.19.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.63%. Hewlett Packard Enterprise's payout ratio is currently 37.96%.
A number of research firms recently commented on HPE. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna restated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.46.
Get Our Latest Stock Analysis on HPE
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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