Dakota Wealth Management Makes New $222,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Dakota Wealth Management purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,487 shares of the technology company’s stock, valued at approximately $222,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after purchasing an additional 501 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 626 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Hewlett Packard Enterprise by 2.9% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock worth $455,000 after purchasing an additional 714 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its stake in Hewlett Packard Enterprise by 0.5% during the first quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock worth $2,575,000 after purchasing an additional 756 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.4 %

HPE traded down $0.07 during midday trading on Wednesday, reaching $18.70. 487,221 shares of the company’s stock traded hands, compared to its average volume of 15,125,021. The firm has a fifty day moving average of $20.02 and a two-hundred day moving average of $18.18. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the company posted $0.32 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders 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 2.78%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HPE shares. Evercore ISI boosted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Bank of America boosted their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, June 21st. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, June 7th. Finally, Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $21.08.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,141 shares of company stock worth $2,850,108. 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.