Founders Financial Alliance LLC Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

Founders Financial Alliance LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 52.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,463 shares of the technology company’s stock after purchasing an additional 851 shares during the period. Founders Financial Alliance LLC’s holdings in Hewlett Packard Enterprise were worth $42,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Nixon Peabody Trust Co. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $216,000. Skopos Labs Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $315,000. Team Hewins LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $350,000. TCW Group Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $348,000. Finally, Commerce Bank lifted its stake in Hewlett Packard Enterprise by 2.0% during the 4th quarter. Commerce Bank now owns 57,274 shares of the technology company’s stock valued at $973,000 after acquiring an additional 1,126 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HPE shares. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Stifel Nicolaus decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Barclays decreased their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI reduced their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $17.91.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 0.9 %

HPE stock traded up $0.17 during mid-day trading on Friday, hitting $18.41. 13,605,491 shares of the company were exchanged, compared to its average volume of 9,831,082. The firm has a market capitalization of $23.93 billion, a P/E ratio of 12.70, a PEG ratio of 3.41 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $13.79 and a 12-month high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $17.43 and a 200-day simple moving average of $16.62.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, equities research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.82%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.86%.

About Hewlett Packard Enterprise

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.