Hewlett Packard Enterprise (NYSE:HPE) Position Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 18.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,109 shares of the technology company’s stock after purchasing an additional 9,078 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $943,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in Hewlett Packard Enterprise by 2.4% during the fourth quarter. Fifth Third Bancorp now owns 27,874 shares of the technology company’s stock worth $445,000 after buying an additional 645 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Hewlett Packard Enterprise by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,023 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 721 shares in the last quarter. Strategic Wealth Advisors Group LLC lifted its position in shares of Hewlett Packard Enterprise by 3.6% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 22,249 shares of the technology company’s stock valued at $267,000 after acquiring an additional 777 shares in the last quarter. TRUE Private Wealth Advisors lifted its position in shares of Hewlett Packard Enterprise by 5.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock valued at $199,000 after acquiring an additional 794 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Hewlett Packard Enterprise by 2.8% in the 1st quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock valued at $499,000 after acquiring an additional 808 shares in the last quarter. 81.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Thomas E. Black, Jr. sold 34,088 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total value of $513,024.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Alan Richard May sold 703,226 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total transaction of $10,625,744.86. Following the transaction, the executive vice president now owns 249,511 shares in the company, valued at approximately $3,770,111.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The disclosure for this sale can be found here. Insiders have sold 747,314 shares of company stock worth $11,291,569 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Down 0.6 %

HPE stock opened at $14.33 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.25. The company has a fifty day simple moving average of $14.77 and a 200 day simple moving average of $15.47. The firm has a market cap of $18.57 billion, a PE ratio of 22.05, a PEG ratio of 2.24 and a beta of 1.22.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $7.81 billion during the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a net margin of 2.92% and a return on equity of 4.22%. Hewlett Packard Enterprise’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.32 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 17th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 16th. This represents a $0.48 annualized dividend and a yield of 3.35%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 73.85%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HPE shares. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a research report on Friday, March 3rd. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research report on Monday, March 20th. They issued a “neutral” rating and a $15.00 price target for the company. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Bank of America increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, April 17th. Finally, Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.85.

Hewlett Packard Enterprise Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.