Ceeto Capital Group LLC Purchases New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Ceeto Capital Group LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,000 shares of the technology company’s stock, valued at approximately $589,000.

Several other institutional investors also recently modified their holdings of HPE. Price T Rowe Associates Inc. MD lifted its position in Hewlett Packard Enterprise by 20.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock worth $36,662,000 after purchasing an additional 347,067 shares during the period. BOKF NA lifted its holdings in shares of Hewlett Packard Enterprise by 23.8% during the 1st quarter. BOKF NA now owns 4,673 shares of the technology company’s stock worth $84,000 after acquiring an additional 898 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Hewlett Packard Enterprise by 23.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,738,604 shares of the technology company’s stock valued at $66,285,000 after acquiring an additional 712,480 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Hewlett Packard Enterprise by 10.6% in the first quarter. 1832 Asset Management L.P. now owns 146,380 shares of the technology company’s stock valued at $2,595,000 after acquiring an additional 14,021 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Hewlett Packard Enterprise in the first quarter worth about $5,245,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.6 %

NYSE:HPE traded up $0.31 on Friday, hitting $19.76. 7,954,784 shares of the stock were exchanged, compared to its average volume of 10,662,543. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 2.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company’s 50-day moving average price is $20.19 and its 200 day moving average price is $17.87.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.63%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise 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 directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock valued at $2,850,108 in the last 90 days. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HPE shares. Evercore ISI upped their price objective 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. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, June 7th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, June 21st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.08.

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.