WESPAC Advisors LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

WESPAC Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,015 shares of the technology company's stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Capital Investment Counsel Inc increased its holdings in shares of Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock valued at $874,000 after acquiring an additional 500 shares in the last quarter. First Horizon Advisors Inc. grew its position in Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after purchasing an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after purchasing an additional 536 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock worth $198,000 after buying an additional 579 shares during the last quarter. Finally, Bailard Inc. lifted its stake in shares of Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after buying an additional 580 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup raised their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. UBS Group lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $22.21.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.36 on Friday, hitting $22.10. The company had a trading volume of 8,865,765 shares, compared to its average volume of 11,014,030. The firm has a market cap of $28.70 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19. The company has a 50-day moving average price of $20.35 and a 200-day moving average price of $19.61. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced 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. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the business earned $0.35 EPS. 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 fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company'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 transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company'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 transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. Insiders own 0.40% of the company's stock.

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.