First Horizon Advisors Inc. Acquires 1,349 Shares of Hewlett Packard Enterprise (NYSE:HPE)

First Horizon Advisors Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,282 shares of the technology company’s stock after purchasing an additional 1,349 shares during the period. First Horizon Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Hazlett Burt & Watson Inc. grew its position in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $28,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after acquiring an additional 637 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. This trade represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target for the company. Susquehanna reissued a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.21.

Hewlett Packard Enterprise Stock Up 1.6 %

Shares of NYSE:HPE opened at $22.10 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market cap of $28.69 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 3.36 and a beta of 1.19. The company has a 50 day moving average of $20.35 and a 200-day moving average of $19.60. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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 analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Hewlett Packard Enterprise 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.