Barnett & Company Inc. Makes New $1.69 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Barnett & Company Inc. bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 82,700 shares of the technology company's stock, valued at approximately $1,692,000.

A number of other hedge funds also recently made changes to their positions in the business. Capital Investment Counsel Inc raised its stake in shares of Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after purchasing 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 raised its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after acquiring an additional 536 shares during the period. Bailard Inc. raised its stake in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after acquiring an additional 580 shares during the period. Finally, Werba Rubin Papier Wealth Management raised its stake in Hewlett Packard Enterprise by 2.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock valued at $483,000 after acquiring an additional 581 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction that occurred on 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 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 in the last three months. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Bank of America upgraded 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. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price target on the stock. Finally, Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.46.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of HPE traded down $0.29 during trading hours on Tuesday, hitting $21.73. The company had a trading volume of 8,189,867 shares, compared to its average volume of 15,352,891. The firm has a fifty day moving average price of $19.61 and a 200-day moving average price of $19.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 3.80 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results 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. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm 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 firm earned $0.35 EPS. Hewlett Packard Enterprise's quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders 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 2.39%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Hewlett Packard Enterprise Company 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.