Prospera Private Wealth LLC Acquires Shares of 28,666 Hewlett Packard Enterprise (NYSE:HPE)

Prospera Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,666 shares of the technology company's stock, valued at approximately $587,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Investment Counsel Inc raised its stake in Hewlett Packard Enterprise by 1.2% in the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock valued at $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. raised its stake in Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after acquiring an additional 501 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after purchasing an additional 536 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after purchasing an additional 579 shares during the last quarter. Finally, Bailard Inc. raised its position in shares of Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after purchasing an additional 580 shares during the period. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.18 on Thursday. The firm has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $19.55. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 3.36 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise's payout ratio is currently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 26.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 50.00 % 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 valued at $8,599,617. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Susquehanna restated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $23.00 to $29.00 in a report on Monday. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $22.21.

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.