Rand Wealth LLC increased its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 49,107 shares of the company’s stock after buying an additional 476 shares during the period. Rand Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $1,117,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Hewlett Packard Enterprise during the second quarter worth $100,000. Ledyard National Bank increased its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the period. MCF Advisors LLC increased its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock worth $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 1.95% on Friday, reaching $23.09. 6,782,265 shares of the company’s stock were exchanged. Hewlett Packard Enterprise Co. has a one year low of $11.62 and a one year high of $23.85. The firm has a market capitalization of $38.46 billion and a P/E ratio of 9.63. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $20.62.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The firm earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, equities research analysts predict that Hewlett Packard Enterprise Co. will post $2.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is 12.02%.
HPE has been the topic of several analyst reports. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 price target on the stock in a report on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $25.00 price target on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Monday, November 14th. Barclays PLC reiterated an “underweight” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. FBN Securities reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.80.
In related news, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the transaction, the chief financial officer now owns 101,610 shares in the company, valued at $2,236,436.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 316,164 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.84, for a total transaction of $7,221,185.76. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).