Summit Trail Advisors LLC raised its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 1,771.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,565 shares of the technology company’s stock after purchasing an additional 114,124 shares during the quarter. Summit Trail Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $121,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $121,000. Highlander Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $148,000. Wade G W & Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $187,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Hewlett Packard Enterprise by 103.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 10,993 shares of the technology company’s stock valued at $193,000 after buying an additional 5,601 shares during the period. Finally, KCM Investment Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $198,000. Institutional investors own 81.54% of the company’s stock.
In other news, Director Margaret C. Whitman sold 674,500 shares of the business’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $15.89, for a total value of $10,717,805.00. Following the completion of the transaction, the director now directly owns 2,169,760 shares of the company’s stock, valued at $34,477,486.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret C. Whitman sold 337,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $15.08, for a total value of $5,081,960.00. Following the completion of the transaction, the director now directly owns 382,639 shares of the company’s stock, valued at $5,770,196.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,016,585 shares of company stock valued at $148,569,035. Insiders own 1.18% of the company’s stock.
HPE has been the subject of several recent analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, May 25th. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Monday, May 28th. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 price target for the company. Barclays reissued a “sell” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Finally, Pivotal Research reissued a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $17.30.
Shares of Hewlett Packard Enterprise opened at $14.61 on Friday, MarketBeat.com reports. The firm has a market cap of $22.27 billion, a P/E ratio of 11.49, a PEG ratio of 1.07 and a beta of 1.76. Hewlett Packard Enterprise Co has a 1 year low of $12.71 and a 1 year high of $19.48. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $7.47 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. During the same period in the previous year, the firm posted $0.35 earnings per share. Hewlett Packard Enterprise’s revenue was up 9.7% on a year-over-year basis. research analysts predict that Hewlett Packard Enterprise Co will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 12th. Hewlett Packard Enterprise’s payout ratio is 46.88%.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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