Impact Partnership Wealth LLC Has $1.23 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Impact Partnership Wealth LLC raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 76.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,217 shares of the technology company's stock after buying an additional 26,135 shares during the quarter. Impact Partnership Wealth LLC's holdings in Hewlett Packard Enterprise were worth $1,232,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $28,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Hewlett Packard Enterprise by 571.5% in the 2nd 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. ORG Partners LLC increased its holdings in shares of Hewlett Packard Enterprise by 224.5% in the 2nd 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. Rise Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock valued at $41,000 after purchasing an additional 625 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $51,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HPE. Susquehanna restated a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective on the stock. Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and a consensus price target of $21.46.

Insider Activity

In other news, CEO Antonio F. Neri sold 250,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

HPE stock traded up $0.09 during midday trading on Thursday, hitting $19.40. 9,330,893 shares of the company traded hands, compared to its average volume of 15,618,455. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month 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 50 day simple moving average of $19.24 and a 200-day simple moving average of $19.04. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the business earned $0.35 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict 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 was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. Hewlett Packard Enterprise's dividend payout ratio is 37.96%.

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.