Canton Hathaway LLC Buys 3,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Canton Hathaway LLC increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 33.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,100 shares of the technology company’s stock after acquiring an additional 3,000 shares during the period. Canton Hathaway LLC’s holdings in Hewlett Packard Enterprise were worth $248,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of HPE. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $588,000. Fisher Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after buying an additional 23,053 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Hewlett Packard Enterprise by 10.9% during the third quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock worth $3,368,000 after buying an additional 16,205 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Hewlett Packard Enterprise during the third quarter worth $155,000. Finally, WESPAC Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $635,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $22.21.

Hewlett Packard Enterprise Stock Up 1.0 %

NYSE HPE opened at $22.33 on Monday. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 3.45 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $20.35 and a 200-day moving average of $19.63.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.67 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is presently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fidelma Russo sold 55,908 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. Company insiders own 0.40% of the company’s stock.

About Hewlett Packard Enterprise

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.