ORG Wealth Partners LLC Has $108,000 Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

ORG Wealth Partners LLC increased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 598.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,924 shares of the technology company’s stock after buying an additional 5,932 shares during the period. ORG Wealth Partners LLC’s holdings in Hewlett Packard Enterprise were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviso Financial Inc. increased its stake in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after acquiring an additional 490 shares during the period. Forum Financial Management LP grew its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock worth $505,000 after purchasing an additional 515 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Hewlett Packard Enterprise by 0.4% in the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after purchasing an additional 524 shares during the period. Huntington National Bank raised its stake in Hewlett Packard Enterprise by 3.1% in the fourth quarter. Huntington National Bank now owns 17,463 shares of the technology company’s stock valued at $373,000 after purchasing an additional 529 shares in the last quarter. Finally, Meridian Investment Counsel Inc. lifted its position in Hewlett Packard Enterprise by 3.6% during the fourth quarter. Meridian Investment Counsel Inc. now owns 17,232 shares of the technology company’s stock worth $368,000 after purchasing an additional 599 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on HPE. Barclays raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. UBS Group upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $21.31.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.6%

NYSE HPE opened at $17.79 on Friday. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $16.96 and its 200 day moving average is $18.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 52.53%.

About Hewlett Packard Enterprise

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.