Moloney Securities Asset Management LLC Purchases Shares of 42,091 Hewlett Packard Enterprise (NYSE:HPE)

Moloney Securities Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,091 shares of the technology company's stock, valued at approximately $861,000.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Hewlett Packard Enterprise by 14,953.2% in the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP lifted its stake in Hewlett Packard Enterprise by 3,228.2% in the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock valued at $186,831,000 after acquiring an additional 8,560,086 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Hewlett Packard Enterprise by 336.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after buying an additional 3,291,880 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $51,938,000. Institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at approximately $163,191. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $20.74 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market cap of $26.93 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.45 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 firm has a 50-day moving average of $19.41 and a 200-day moving average of $19.20.

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, beating analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS 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. Investors of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is presently 37.14%.

Analyst Ratings Changes

HPE has been the subject of a number of research reports. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Susquehanna reissued a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Hold" and a consensus price target 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.