WESPAC Advisors LLC Invests $635,000 in Hewlett Packard Enterprise (NYSE:HPE)

WESPAC Advisors LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, Holdings Channel reports. The firm bought 31,015 shares of the technology company’s stock, valued at approximately $635,000.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 11.3% in the first quarter. Bessemer Group Inc. now owns 40,786 shares of the technology company’s stock worth $722,000 after purchasing an additional 4,154 shares during the period. 1832 Asset Management L.P. increased its position in Hewlett Packard Enterprise by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 146,380 shares of the technology company’s stock worth $2,595,000 after buying an additional 14,021 shares during the period. BOKF NA lifted its holdings in shares of Hewlett Packard Enterprise by 23.8% during the first quarter. BOKF NA now owns 4,673 shares of the technology company’s stock worth $84,000 after buying an additional 898 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hewlett Packard Enterprise by 20.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock valued at $36,662,000 after acquiring an additional 347,067 shares during the period. Finally, Caxton Associates LP grew its stake in shares of Hewlett Packard Enterprise by 284.3% in the first quarter. Caxton Associates LP now owns 72,878 shares of the technology company’s stock worth $1,292,000 after acquiring an additional 53,915 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the 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 sale, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm’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 completion of the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $22.10 on Friday. The stock’s fifty day simple moving average is $20.35 and its 200 day simple moving average is $19.61. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.40 and a beta of 1.19. 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) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio is 37.14%.

Analyst Upgrades and Downgrades

HPE has been the subject of several research analyst reports. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Citigroup raised their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.21.

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.