165,130 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Bell Bank

Bell Bank purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 165,130 shares of the technology company’s stock, valued at approximately $3,379,000.

Several other institutional investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $861,000. CHICAGO TRUST Co NA increased its holdings in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares in the last quarter. National Pension Service increased its stake in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after buying an additional 472,885 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Hewlett Packard Enterprise by 455.7% during the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Hewlett Packard Enterprise by 1,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after buying an additional 463,965 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise 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 transaction 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now 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 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 shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at approximately $163,191. The trade was a 0.00 % 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 valued at $8,599,617. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HPE shares. Susquehanna reissued a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Trading Up 0.6 %

Shares of NYSE:HPE opened at $21.86 on Thursday. The company has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $19.37. The company has a market capitalization of $28.39 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share 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 for the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

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.