Hewlett Packard Enterprise (NYSE:HPE) Stock Position Raised by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,832 shares of the technology company’s stock after buying an additional 1,394 shares during the period. Checchi Capital Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Valley National Advisers Inc. boosted its position in shares of Hewlett Packard Enterprise by 68.1% in the second quarter. Valley National Advisers Inc. now owns 1,728 shares of the technology company’s stock worth $30,000 after buying an additional 700 shares during the period. McIlrath & Eck LLC boosted its position in shares of Hewlett Packard Enterprise by 90.2% in the second quarter. McIlrath & Eck LLC now owns 1,910 shares of the technology company’s stock worth $32,000 after buying an additional 906 shares during the period. First Manhattan Co. boosted its position in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after buying an additional 1,139 shares during the period. Glassman Wealth Services boosted its position in shares of Hewlett Packard Enterprise by 72.0% in the second quarter. Glassman Wealth Services now owns 2,444 shares of the technology company’s stock worth $41,000 after buying an additional 1,023 shares during the period. Finally, Pacific Center for Financial Services acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter worth $44,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total value of $5,995,919.68. Following the transaction, the executive vice president now directly owns 249,511 shares in the company, valued at $4,361,452.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Antonio F. Neri sold 434,884 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $7,601,772.32. Following the sale, the chief executive officer now directly owns 1,370,291 shares of the company’s stock, valued at $23,952,686.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total value of $5,995,919.68. Following the sale, the executive vice president now directly owns 249,511 shares in the company, valued at $4,361,452.28. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HPE shares. Wells Fargo & Company increased their price objective on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, August 30th. Credit Suisse Group cut their price objective on Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 30th. Raymond James increased their price objective on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Bank of America increased their price objective on Hewlett Packard Enterprise from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.54.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $15.93 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.65. The stock’s 50-day moving average is $16.43 and its two-hundred day moving average is $16.38. The firm has a market cap of $20.43 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.99 billion. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.42 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Thursday, September 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.01%. Hewlett Packard Enterprise’s payout ratio is presently 58.54%.

Hewlett Packard Enterprise Company 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.