Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,764 shares of the technology company’s stock after purchasing an additional 10,409 shares during the quarter. Lifeworks Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HPE. Oppenheimer & Co. Inc. grew its stake in Hewlett Packard Enterprise by 3.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 41,277 shares of the technology company’s stock valued at $732,000 after purchasing an additional 1,197 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Hewlett Packard Enterprise during the 1st quarter worth approximately $200,000. Avantax Advisory Services Inc. lifted its holdings in Hewlett Packard Enterprise by 4.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock worth $315,000 after buying an additional 822 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Hewlett Packard Enterprise by 19.1% during the 1st quarter. Bleakley Financial Group LLC now owns 44,460 shares of the technology company’s stock worth $788,000 after buying an additional 7,125 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Hewlett Packard Enterprise by 1.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,524,217 shares of the technology company’s stock worth $27,024,000 after buying an additional 21,238 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on HPE. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock 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 lifted their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. UBS Group lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Susquehanna reiterated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.46.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, 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 value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.7 %

Shares of NYSE:HPE traded down $0.15 on Thursday, reaching $21.70. The company had a trading volume of 1,316,330 shares, compared to its average volume of 15,268,535. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The stock has a 50-day moving average price of $19.73 and a 200 day moving average price of $19.39. The stock has a market capitalization of $28.18 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.37 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.40%. Hewlett Packard Enterprise’s payout ratio is presently 37.14%.

Hewlett Packard Enterprise 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.