Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Canton Hathaway LLC

Canton Hathaway LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 33.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,100 shares of the technology company’s stock after purchasing an additional 3,000 shares during the period. Canton Hathaway LLC’s holdings in Hewlett Packard Enterprise were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $588,000. Fisher Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 211.1% during the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after purchasing an additional 23,053 shares during the period. Daiwa Securities Group Inc. raised its holdings in Hewlett Packard Enterprise by 10.9% during the third quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock worth $3,368,000 after purchasing an additional 16,205 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $155,000. Finally, WESPAC Advisors LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth about $635,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction dated 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 directly 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. In 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 company insiders.

Analyst Upgrades and Downgrades

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

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $22.33 on Monday. The stock has a market cap of $29.00 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $19.63. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the firm earned $0.35 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict 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. Investors of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.