Pinnacle Wealth Planning Services Inc. bought a new position in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,061 shares of the technology company’s stock, valued at approximately $218,000.
A number of other hedge funds have also added to or reduced their stakes in HPE. Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 155.9% in the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock worth $26,000 after purchasing an additional 985 shares during the period. Elmwood Wealth Management Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $28,000. DeDora Capital Inc. purchased a new stake in Hewlett Packard Enterprise in the first quarter worth $30,000. Delos Wealth Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $33,000. Finally, Evoke Wealth LLC increased its stake in Hewlett Packard Enterprise by 125.0% in the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,234 shares during the period. Institutional investors and hedge funds own 82.70% of the company’s stock.
Shares of HPE stock opened at $12.96 on Monday. Hewlett Packard Enterprise has a 1-year low of $12.73 and a 1-year high of $17.76. The stock’s 50-day moving average is $14.88 and its 200 day moving average is $15.92. The company has a market cap of $16.84 billion, a P/E ratio of 4.66, a PEG ratio of 2.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.64.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Hewlett Packard Enterprise had a net margin of 13.28% and a return on equity of 19.01%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the previous year, the business earned $0.19 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Monday, June 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, June 10th. Hewlett Packard Enterprise’s payout ratio is currently 17.27%.
A number of analysts have weighed in on HPE shares. Evercore ISI reduced their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. Morgan Stanley lowered Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $17.00 to $15.00 in a research note on Tuesday, April 12th. They noted that the move was a valuation call. Raymond James restated an “outperform” rating and set a $19.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 21st. Citigroup cut their price target on Hewlett Packard Enterprise from $14.00 to $13.50 and set a “sell” rating on the stock in a research note on Thursday, June 2nd. Finally, KGI Securities assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, April 19th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.14.
In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan Richard May sold 94,705 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $15.08, for a total value of $1,428,151.40. Following the completion of the sale, the executive vice president now directly owns 310,500 shares of the company’s stock, valued at approximately $4,682,340. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.
Hewlett Packard Enterprise Profile (Get Rating)
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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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