Foster & Motley Inc. Has $8 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Foster & Motley Inc. cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390,892 shares of the technology company’s stock after selling 9,858 shares during the quarter. Foster & Motley Inc.’s holdings in Hewlett Packard Enterprise were worth $7,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HPE. Radnor Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.9% during the 3rd quarter. Radnor Capital Management LLC now owns 145,838 shares of the technology company’s stock valued at $2,984,000 after acquiring an additional 1,300 shares in the last quarter. Long Run Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 4.7% during the third quarter. Long Run Wealth Advisors LLC now owns 67,201 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 3,011 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $127,000. Stoneridge Investment Partners LLC increased its position in Hewlett Packard Enterprise by 18.3% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 208,230 shares of the technology company’s stock worth $4,260,000 after purchasing an additional 32,233 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter worth about $861,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $20.74 on Wednesday. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $26.93 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.45 and a beta of 1.19. The business’s 50 day moving average is $19.41 and its two-hundred day moving average is $19.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors 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 2.51%. Hewlett Packard Enterprise’s dividend payout ratio is 37.14%.

Analysts Set New Price Targets

Several brokerages recently commented on HPE. 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. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.46.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 14th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. 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 in 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.