Kathmere Capital Management LLC Makes New $212,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Kathmere Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,018 shares of the technology company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. American National Bank grew its position in Hewlett Packard Enterprise by 89.4% during the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $35,000. Founders Financial Alliance LLC raised its position in Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares during the period. Finally, ORG Partners LLC boosted its stake in Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $1.05 during trading hours on Friday, hitting $18.03. The stock had a trading volume of 12,776,500 shares, compared to its average volume of 10,385,523. The company has a 50 day simple moving average of $20.29 and a two-hundred day simple moving average of $17.97. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 13.16, 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 one year low of $14.47 and a one year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,141 shares of company stock worth $2,850,108. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HPE shares. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, June 7th. Morgan Stanley restated 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. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $21.08.

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.