Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by HM Payson & Co.

HM Payson & Co. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 37.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,892 shares of the technology company’s stock after purchasing an additional 2,403 shares during the quarter. HM Payson & Co.’s holdings in Hewlett Packard Enterprise were worth $158,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 10.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock worth $116,000 after acquiring an additional 626 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after acquiring an additional 693 shares during the period. Montgomery Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after acquiring an additional 700 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Hewlett Packard Enterprise by 2.9% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock valued at $455,000 after acquiring an additional 714 shares during the period. Finally, Cozad Asset Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 0.5% in the 1st quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock valued at $2,575,000 after acquiring an additional 756 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares in the company, valued at approximately $2,277,717.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares in the company, valued at approximately $2,277,717.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock worth $2,850,108 over the last 90 days. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HPE shares. Susquehanna raised their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. Finally, StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.08.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded down $0.57 during mid-day trading on Monday, hitting $17.46. The stock had a trading volume of 4,464,805 shares, compared to its average volume of 15,400,789. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $17.99. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.98%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

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.