Moloney Securities Asset Management LLC Purchases New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,091 shares of the technology company's stock, valued at approximately $861,000.

Other hedge funds have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its position in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. lifted its stake in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares during the last quarter. ORG Partners LLC grew its position in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Rise Advisors LLC boosted its position in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock valued at $41,000 after buying an additional 625 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $1.33 on Wednesday, reaching $21.33. The company's stock had a trading volume of 15,579,073 shares, compared to its average volume of 15,430,061. The stock's fifty day simple moving average is $19.41 and its 200-day simple moving average is $19.20. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. 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 company has a market capitalization of $27.70 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Analysts forecast 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 announced 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. This represents a $0.52 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at $163,191. The trade was a 0.00 % decrease in their position. The sale 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 Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock worth $8,599,617 over the last 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of research reports. Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Susquehanna restated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price target for the company. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Finally, Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average 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.