Pallas Capital Advisors LLC Has $943,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Pallas Capital Advisors LLC boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 136.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,590 shares of the technology company's stock after purchasing an additional 28,056 shares during the period. Pallas Capital Advisors LLC's holdings in Hewlett Packard Enterprise were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. raised its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after purchasing an additional 1,143 shares during the period. Financial Management Professionals Inc. raised its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares during the period. ORG Partners LLC raised its position in shares of Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock worth $39,000 after purchasing an additional 1,282 shares during the period. Finally, Rise Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after purchasing an additional 625 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded up $0.48 on Wednesday, reaching $20.35. 15,556,618 shares of the stock traded hands, compared to its average volume of 15,521,370. The firm's fifty day simple moving average is $19.34 and its 200 day simple moving average is $19.11. 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 company has a market cap of $26.45 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 3.79 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.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other news, 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 transaction 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 $31,274,127.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other 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 sale, the senior vice president now 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 filing with the SEC, which is available at this link. 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 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. UBS Group raised 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. Citigroup started coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 target price on the stock. Susquehanna restated a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Barclays upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $21.46.

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.