Capital Performance Advisors LLP Buys Shares of 8,191 Hewlett Packard Enterprise (NYSE:HPE)

Capital Performance Advisors LLP bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,191 shares of the technology company’s stock, valued at approximately $168,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. CHICAGO TRUST Co NA boosted its holdings in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the period. Moloney Securities Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $861,000. Sei Investments Co. increased its stake in shares of Hewlett Packard Enterprise by 56.1% during the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares during the period. National Pension Service raised its holdings in Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after acquiring an additional 472,885 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after acquiring an additional 99,394 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.25 during mid-day trading on Friday, reaching $21.69. 1,501,059 shares of the company were exchanged, compared to its average volume of 15,350,053. The firm has a market cap of $28.17 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The firm’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $19.22. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. Equities analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.40%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective on the stock. Loop Capital lifted 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. UBS Group increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Finally, Susquehanna reiterated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $21.46.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $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 available at this hyperlink. In other 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 value of $493,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company’s stock.

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.