Hodges Capital Management Inc. Buys 99,098 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Hodges Capital Management Inc. lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 23.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 513,900 shares of the technology company's stock after buying an additional 99,098 shares during the period. Hodges Capital Management Inc.'s holdings in Hewlett Packard Enterprise were worth $10,514,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of 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. Finally, Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after buying an additional 637 shares during the period. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $2.30 during trading hours on Friday, reaching $23.95. 37,723,244 shares of the stock traded hands, compared to its average volume of 10,814,675. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a 50 day moving average price of $20.90 and a 200 day moving average price of $19.92. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.40 and a beta of 1.21.

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, topping analysts' consensus estimates 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 analysts' expectations of $7.67 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.83 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.17%. Hewlett Packard Enterprise's payout ratio is 27.37%.

Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price for the company. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $23.00 to $28.00 in a research report on Thursday. Finally, Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $23.36.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares of the company's stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Fidelma Russo sold 55,908 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by corporate insiders.

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.