Blue Trust Inc. Purchases 7,119 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Blue Trust Inc. increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 66.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,910 shares of the technology company’s stock after buying an additional 7,119 shares during the period. Blue Trust Inc.’s holdings in Hewlett Packard Enterprise were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after buying an additional 1,282 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Jeremy Cox sold 7,770 shares of the 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 $163,191. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the 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 completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of recent research reports. UBS Group raised their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Citigroup started coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $21.46.

Hewlett Packard Enterprise Stock Down 3.0 %

Hewlett Packard Enterprise stock opened at $19.30 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The firm has a 50 day moving average price of $19.24 and a 200 day moving average price of $19.04. The company has a market capitalization of $25.08 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.69%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 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.