Transcend Capital Advisors LLC Acquires New Position in Hewlett Packard Enterprise (NYSE:HPE)

Transcend Capital Advisors LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,078 shares of the technology company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after buying an additional 1,051 shares during the last quarter. American National Bank raised its position in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after purchasing an additional 920 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $35,000. Founders Financial Alliance LLC boosted its holdings in Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after buying an additional 851 shares during the period. Finally, ORG Partners LLC increased its stake in Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after buying an additional 1,378 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock worth $2,850,108 over the last quarter. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 3.4 %

Shares of NYSE HPE traded down $0.61 during trading hours on Monday, hitting $17.42. 5,682,022 shares of the company traded hands, compared to its average volume of 15,409,771. The company’s 50 day moving average price is $20.29 and its 200 day moving average price is $17.99. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. 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 announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.08.

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.