Raymond James & Associates Acquires 2,116,824 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Raymond James & Associates increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 92.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,404,520 shares of the technology company's stock after purchasing an additional 2,116,824 shares during the quarter. Raymond James & Associates owned approximately 0.34% of Hewlett Packard Enterprise worth $90,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $209,000. Blue Trust Inc. lifted its holdings in Hewlett Packard Enterprise by 66.0% during the 3rd quarter. Blue Trust Inc. now owns 17,910 shares of the technology company's stock worth $379,000 after buying an additional 7,119 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $243,000. Claro Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $105,000. Finally, V Square Quantitative Management LLC raised its position in shares of Hewlett Packard Enterprise by 17.4% during the third quarter. V Square Quantitative Management LLC now owns 34,529 shares of the technology company's stock worth $706,000 after acquiring an additional 5,117 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 2.5 %

Shares of NYSE HPE traded down $0.52 during mid-day trading on Monday, reaching $20.17. 4,210,104 shares of the company's stock traded hands, compared to its average volume of 15,644,996. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The business has a 50-day simple moving average of $19.11 and a 200 day simple moving average of $19.01. The stock has a market cap of $26.21 billion, a P/E ratio of 15.10, a PEG ratio of 3.38 and a beta of 1.19. 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 posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping 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 firm had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same quarter last year, the firm earned $0.35 EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Susquehanna reiterated a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price objective for the company. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.46.

Insider Buying and Selling 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, 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 sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the firm's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Company 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.