Alta Advisers Ltd Buys Shares of 2,600 Hewlett Packard Enterprise (NYSE:HPE)

Alta Advisers Ltd bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,600 shares of the technology company’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HPE. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares during the last quarter. Sei Investments Co. raised its stake in shares of Hewlett Packard Enterprise by 56.1% during the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after buying an additional 196,112 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after buying an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $931,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HPE shares. Bank of America cut their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Sanford C. Bernstein lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $20.83.

Hewlett Packard Enterprise Stock Up 1.7 %

HPE opened at $17.14 on Friday. 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 has a 12 month low of $14.47 and a 12 month high of $22.82. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The business has a 50-day moving average of $18.98 and a two-hundred day moving average of $18.52.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

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.