WBI Investments Inc. Invests $2.22 Million in Hewlett Packard Enterprise (NYSE:HPE)

WBI Investments Inc. bought a new position in Hewlett Packard Enterprise (NYSE:HPEFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 127,916 shares of the technology company’s stock, valued at approximately $2,222,000.

Several other large investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Hewlett Packard Enterprise by 16.0% in the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock worth $66,000 after purchasing an additional 584 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Hewlett Packard Enterprise by 9.8% in the second quarter. Brown Brothers Harriman & Co. now owns 6,636 shares of the technology company’s stock worth $111,000 after purchasing an additional 590 shares during the last quarter. Covestor Ltd increased its holdings in shares of Hewlett Packard Enterprise by 1.8% in the second quarter. Covestor Ltd now owns 36,343 shares of the technology company’s stock worth $610,000 after purchasing an additional 630 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Hewlett Packard Enterprise by 15.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4,956 shares of the technology company’s stock worth $86,000 after purchasing an additional 663 shares during the last quarter. Finally, Beck Bode LLC increased its holdings in shares of Hewlett Packard Enterprise by 1.7% in the second quarter. Beck Bode LLC now owns 39,235 shares of the technology company’s stock worth $659,000 after purchasing an additional 671 shares during the last quarter. 81.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James boosted their price objective on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 29th. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Barclays reduced their price objective on Hewlett Packard Enterprise from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 29th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.60.

Get Our Latest Analysis on HPE

Insider Activity at Hewlett Packard Enterprise

In related news, CFO Jeremy Cox sold 4,887 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $16.37, for a total value of $80,000.19. Following the completion of the sale, the chief financial officer now owns 29,934 shares in the company, valued at $490,019.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jeremy Cox sold 4,887 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $16.37, for a total value of $80,000.19. Following the completion of the sale, the chief financial officer now owns 29,934 shares in the company, valued at $490,019.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 50,428 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $16.77, for a total value of $845,677.56. Following the completion of the sale, the executive vice president now owns 26,466 shares of the company’s stock, valued at approximately $443,834.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,575 shares of company stock worth $4,989,141. Company insiders own 0.53% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $15.48 on Monday. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $18.14. The business has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $16.53. The firm has a market capitalization of $20.12 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.66.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Tuesday, November 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Hewlett Packard Enterprise had a return on equity of 9.83% and a net margin of 6.95%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise will post 1.6 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Wednesday, December 13th were issued a $0.13 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.36%. Hewlett Packard Enterprise’s payout ratio is presently 33.77%.

About Hewlett Packard Enterprise

(Free Report)

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.

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

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