Sequoia Financial Advisors LLC Has $411,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Sequoia Financial Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 20,072 shares of the technology company’s stock after purchasing an additional 741 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Hazlett Burt & Watson Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 571.5% during the second 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. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. ORG Partners LLC boosted its holdings in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the period. Rise Advisors LLC grew its position in 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 purchasing an additional 625 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $51,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.3 %

HPE stock opened at $19.46 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 3.79 and a beta of 1.19. The business has a fifty day moving average price of $19.27 and a 200 day moving average price of $19.07. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results 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 business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.67%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Loop Capital increased 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 raised their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.46.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

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.