Concurrent Investment Advisors LLC Grows Stake in Hewlett Packard Enterprise (NYSE:HPE)

Concurrent Investment Advisors LLC grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 148.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,745 shares of the technology company's stock after purchasing an additional 45,807 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Hewlett Packard Enterprise were worth $1,570,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HPE. Hazlett Burt & Watson Inc. boosted 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 valued at $28,000 after buying an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. boosted its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after acquiring an additional 637 shares during the period. ORG Partners LLC grew its position in Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock worth $39,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after purchasing an additional 625 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. 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 related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of the business'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 completion of the transaction, the senior vice president now owns 7,771 shares in the company, 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. Over the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 2.8 %

NYSE:HPE traded up $0.60 during mid-day trading on Friday, hitting $22.04. 14,151,141 shares of the company's stock were exchanged, compared to its average volume of 15,408,384. 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 $28.62 billion, a PE ratio of 15.74, a P/E/G ratio of 3.45 and a beta of 1.19. The business has a fifty day moving average price of $19.56 and a 200 day moving average price of $19.27. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid 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 2.36%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a "neutral" rating and a $20.00 price objective for the company. 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. Deutsche Bank Aktiengesellschaft assumed 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 objective on the stock. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Finally, Loop Capital boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $21.46.

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.