Phillips Wealth Planners LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Phillips Wealth Planners LLC purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,544 shares of the technology company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $28,000. Financial Management Professionals Inc. boosted its stake in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the period. ORG Partners LLC increased its position in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,282 shares during the period. Finally, Rise Advisors LLC raised its stake in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $20.05 on Friday. The firm’s 50-day moving average is $19.37 and its two-hundred day moving average is $19.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $26.04 billion, a P/E ratio of 14.32, a P/E/G ratio of 3.87 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.59%. Hewlett Packard Enterprise’s payout ratio is currently 37.14%.

Wall Street Analysts Forecast Growth

HPE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target for the company. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.46.

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.