Raymond James Trust N.A. Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Raymond James Trust N.A. raised its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 387.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,346 shares of the technology company's stock after buying an additional 74,973 shares during the quarter. Raymond James Trust N.A.'s holdings in Hewlett Packard Enterprise were worth $1,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPE. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. grew its stake in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $28,000. Financial Management Professionals Inc. raised its position in shares of Hewlett Packard Enterprise by 80.3% during the third 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. Finally, ORG Partners LLC lifted 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 worth $39,000 after purchasing an additional 1,282 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Up 1.7 %

Shares of NYSE:HPE opened at $22.10 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a market capitalization of $28.70 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19. The business has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $19.61. 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 (NYSE:HPE - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock worth $8,599,617. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target for the company. UBS Group increased their price objective 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, Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.21.

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.