Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Transform Wealth LLC

Transform Wealth LLC raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 82.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,696 shares of the technology company's stock after acquiring an additional 63,753 shares during the period. Transform Wealth LLC's holdings in Hewlett Packard Enterprise were worth $2,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. raised its stake in Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after acquiring an additional 23,035,594 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock valued at $399,507,000 after acquiring an additional 822,722 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after buying an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock worth $200,776,000 after buying an additional 237,321 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPE. Morgan Stanley reissued an "equal weight" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note 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 research note on Thursday, September 5th. Finally, Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.36.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.15 during trading hours on Wednesday, reaching $20.89. 13,598,348 shares of the company traded hands, compared to its average volume of 15,758,105. The firm's 50-day moving average is $18.89 and its 200-day moving average is $18.95. The stock has a market cap of $27.15 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share 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 company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated 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 approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,012 shares of company stock worth $3,417,117. 0.40% of the stock is owned by 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.