Empowered Funds LLC Buys 405,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Empowered Funds LLC raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 366.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 515,528 shares of the technology company's stock after purchasing an additional 405,000 shares during the period. Empowered Funds LLC's holdings in Hewlett Packard Enterprise were worth $10,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Hazlett Burt & Watson Inc. grew its stake 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 purchasing an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $28,000. Financial Management Professionals Inc. increased its stake in shares of 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 acquiring an additional 637 shares in the last quarter. ORG Partners LLC lifted its position in shares of Hewlett Packard Enterprise by 224.5% during the 2nd 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 period. Finally, Rise Advisors LLC boosted its stake in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after acquiring an additional 625 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Susquehanna reiterated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Loop Capital boosted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Finally, Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target for the company. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.46.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of HPE traded down $0.27 during trading hours on Friday, reaching $21.07. 10,918,003 shares of the stock traded hands, compared to its average volume of 15,284,262. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The stock has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $19.43. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS 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 business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The company's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.47%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

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.