Valley Wealth Managers Inc. Invests $26,000 in Hewlett Packard Enterprise (NYSE:HPE)

Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,274 shares of the technology company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Empirical Finance LLC lifted its position in shares of Hewlett Packard Enterprise by 2.1% during the third quarter. Empirical Finance LLC now owns 44,509 shares of the technology company’s stock worth $911,000 after acquiring an additional 925 shares in the last quarter. Empowered Funds LLC boosted its stake in Hewlett Packard Enterprise by 366.4% in the 3rd quarter. Empowered Funds LLC now owns 515,528 shares of the technology company’s stock worth $10,548,000 after purchasing an additional 405,000 shares during the period. CIBC Asset Management Inc increased its position in shares of Hewlett Packard Enterprise by 7.0% during the third quarter. CIBC Asset Management Inc now owns 221,562 shares of the technology company’s stock valued at $4,533,000 after buying an additional 14,493 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Hewlett Packard Enterprise by 58.9% in the third quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock worth $924,000 after buying an additional 16,739 shares in the last quarter. Finally, Lifeworks Advisors LLC grew its stake in Hewlett Packard Enterprise by 10.2% during the third quarter. Lifeworks Advisors LLC now owns 112,764 shares of the technology company’s stock valued at $2,307,000 after acquiring an additional 10,409 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on HPE shares. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. UBS Group upped their target price 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. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Finally, Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $21.46.

Insider Buying and Selling

In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the business’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 transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.07 on Friday. The company has a 50-day simple moving average of $19.87 and a two-hundred day simple moving average of $19.43. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced 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 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend 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.