Cetera Investment Advisers Acquires 36,589 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Cetera Investment Advisers lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,793 shares of the technology company's stock after purchasing an additional 36,589 shares during the period. Cetera Investment Advisers' holdings in Hewlett Packard Enterprise were worth $3,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HPE. Capital Investment Counsel Inc grew its holdings in Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock valued at $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. grew 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 buying an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings 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 worth $2,363,000 after acquiring an additional 536 shares during the period. Bailard Inc. lifted its position in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after acquiring an additional 580 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in shares of Hewlett Packard Enterprise by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company's stock valued at $2,527,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday. They issued a "hold" rating and a $22.00 price target for the company. Morgan Stanley restated an "equal weight" rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a "neutral" rating and a $20.00 target price for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.36.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $0.14 during mid-day trading on Friday, hitting $20.68. 8,485,299 shares of the company were exchanged, compared to its average volume of 15,814,741. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year 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. The business has a fifty day moving average of $18.70 and a 200 day moving average of $18.87. The company has a market capitalization of $26.86 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.51%. Hewlett Packard Enterprise's payout ratio is 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated 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 of the company's stock, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,012 shares of company stock worth $3,417,117. Insiders own 0.40% of the company's stock.

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.