Bank of Stockton Makes New $614,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Bank of Stockton acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,000 shares of the technology company's stock, valued at approximately $614,000.

Several other large investors also recently modified their holdings of the business. Fisher Asset Management LLC increased its position in Hewlett Packard Enterprise by 605.2% during the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company's stock valued at $55,000 after acquiring an additional 2,790 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Hewlett Packard Enterprise by 11.4% in the first quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company's stock valued at $387,000 after acquiring an additional 2,228 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hewlett Packard Enterprise by 23.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,314 shares of the technology company's stock valued at $1,530,000 after buying an additional 16,374 shares during the period. Grimes & Company Inc. boosted its holdings in Hewlett Packard Enterprise by 4.1% during the 1st quarter. Grimes & Company Inc. now owns 451,995 shares of the technology company's stock valued at $8,014,000 after acquiring an additional 17,875 shares during the period. Finally, Guidance Capital Inc. purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth about $931,000. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. Susquehanna reiterated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup began coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price for the company. Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective for the company. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.46.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.06 during trading hours on Friday, reaching $19.46. 7,900,183 shares of the company traded hands, compared to its average volume of 15,581,176. 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 stock has a market cap of $25.29 billion, a P/E ratio of 14.28, a P/E/G 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. The firm's 50-day moving average is $19.26 and its 200-day moving average is $19.05.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS 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 quarter in the previous year, the business earned $0.35 EPS. The firm's revenue was up 10.1% on a year-over-year basis. 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 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 dividend on an annualized basis and a dividend yield of 2.67%. Hewlett Packard Enterprise's payout ratio is currently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

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 stock was 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 in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Jeremy Cox sold 7,770 shares of the 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 sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock worth $8,599,617 over the last ninety days. Company insiders own 0.40% of the company's stock.

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.