9,825 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Empower Advisory Group LLC

Empower Advisory Group LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,825 shares of the technology company’s stock, valued at approximately $201,000.

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its holdings in Hewlett Packard Enterprise by 4.9% during the first quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock worth $315,000 after buying an additional 822 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after buying an additional 5,777,901 shares during the period. Patten & Patten Inc. TN grew its stake in Hewlett Packard Enterprise by 26.9% in the 1st quarter. Patten & Patten Inc. TN now owns 20,523 shares of the technology company’s stock valued at $364,000 after acquiring an additional 4,350 shares during the period. UniSuper Management Pty Ltd increased its holdings in Hewlett Packard Enterprise by 40.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 218,314 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 62,818 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $886,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.07 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.36 billion, a P/E ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19. The company has a 50-day moving average price of $19.80 and a 200 day moving average price of $19.40. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly 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. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter last year, the firm earned $0.35 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Fidelma Russo sold 55,908 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HPE shares. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. UBS Group lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective on the stock. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.46.

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.