Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 104.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,202 shares of the technology company's stock after purchasing an additional 154,563 shares during the quarter. Cerity Partners LLC's holdings in Hewlett Packard Enterprise were worth $6,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HPE. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $28,000. Financial Management Professionals Inc. raised its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after purchasing an additional 1,282 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This trade represents a 4.52 % decrease in their position. The transaction 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 value of $163,170.00. Following 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 50.00 % 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 valued at $8,599,617 in the last three months. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 6.0 %

Shares of HPE traded down $1.33 during trading on Thursday, reaching $20.80. 16,174,002 shares of the company traded hands, compared to its average volume of 15,186,517. The stock has a 50-day simple moving average of $20.62 and a 200-day simple moving average of $19.72. The stock has a market cap of $27.01 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 3.47 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPE. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. 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 research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on 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. Finally, Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.