Brighton Jones LLC purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,449 shares of the technology company’s stock, valued at approximately $213,000.

Several other hedge funds have also recently made changes to their positions in HPE. State of Alaska Department of Revenue boosted its stake in shares of Hewlett Packard Enterprise by 55.1% during the second quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,920 shares in the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Hewlett Packard Enterprise by 8.9% during the second quarter. Regentatlantic Capital LLC now owns 425,271 shares of the technology company’s stock valued at $7,055,000 after purchasing an additional 34,813 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 132.1% during the second quarter. Acadian Asset Management LLC now owns 9,735 shares of the technology company’s stock valued at $162,000 after purchasing an additional 5,541 shares in the last quarter. Paragon Capital Management Ltd boosted its stake in shares of Hewlett Packard Enterprise by 51.0% during the second quarter. Paragon Capital Management Ltd now owns 13,475 shares of the technology company’s stock valued at $224,000 after purchasing an additional 4,552 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC lifted its stake in shares of Hewlett Packard Enterprise by 8.2% in the second quarter. Balasa Dinverno & Foltz LLC now owns 101,253 shares of the technology company’s stock worth $1,680,000 after acquiring an additional 7,698 shares during the period. 81.43% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CEO Margaret C. Whitman sold 249,052 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the transaction, the chief executive officer now owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the transaction, the executive vice president now directly owns 494,360 shares in the company, valued at approximately $7,351,133.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,920,273 shares of company stock worth $41,288,784. 0.87% of the stock is owned by insiders.

A number of equities analysts recently commented on the company. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Wells Fargo & Company assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price objective on the stock. UBS AG lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $15.00 in a research note on Friday, October 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.49.

Hewlett Packard Enterprise Company (HPE) traded up $0.03 during midday trading on Wednesday, hitting $14.12. The stock had a trading volume of 13,720,199 shares, compared to its average volume of 12,104,546. The company has a market capitalization of $22,818.25, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.81 and a beta of 2.59. Hewlett Packard Enterprise Company has a 52-week low of $12.97 and a 52-week high of $24.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 21st. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. equities analysts expect that Hewlett Packard Enterprise Company will post 1.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.075 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.12%. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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