Concurrent Investment Advisors LLC Has $655,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Concurrent Investment Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 138.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,938 shares of the technology company’s stock after purchasing an additional 17,938 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Rise Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $35,000. American National Bank increased its holdings in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after purchasing an additional 920 shares during the last quarter. ORG Partners LLC lifted its stake in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares during the period. Finally, Founders Financial Alliance LLC raised its position in shares of Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock valued at $42,000 after acquiring an additional 851 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the transaction, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,141 shares of company stock worth $2,850,108. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Barclays lifted their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, June 7th. Sanford C. Bernstein raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Finally, Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.18.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $19.37 on Tuesday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.80 and a beta of 1.20. The company has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $18.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

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.