Benson Investment Management Company Inc. Takes $5.96 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Benson Investment Management Company Inc. bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 291,135 shares of the technology company's stock, valued at approximately $5,957,000. Hewlett Packard Enterprise comprises 2.4% of Benson Investment Management Company Inc.'s holdings, making the stock its 11th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Rise Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. increased 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 valued at $28,000 after purchasing an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $28,000. American National Bank increased its holdings in shares of Hewlett Packard Enterprise by 89.4% during the first quarter. American National Bank now owns 1,949 shares of the technology company's stock valued at $35,000 after purchasing an additional 920 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of Hewlett Packard Enterprise by 224.5% during the second 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 during the period. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HPE shares. Loop Capital raised 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. Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. UBS Group lifted 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, Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.36.

Hewlett Packard Enterprise Trading Up 0.1 %

HPE traded up $0.02 during trading on Tuesday, reaching $20.74. The company had a trading volume of 14,357,878 shares, compared to its average volume of 15,768,946. The firm's 50-day simple moving average is $18.89 and its 200 day simple moving average is $18.95. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 3.38 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

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

Hewlett Packard Enterprise Announces Dividend

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 dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. Hewlett Packard Enterprise's payout ratio is presently 37.96%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the firm'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 approximately $163,191. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction dated 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. In the last ninety days, insiders sold 176,012 shares of company stock worth $3,417,117. 0.40% of the stock is currently owned by company 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.