Rothschild Investment LLC Acquires New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Rothschild Investment LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,934 shares of the technology company’s stock, valued at approximately $83,000.

Other hedge funds also recently bought and sold shares of the company. Abacus Planning Group Inc. raised its position in shares of Hewlett Packard Enterprise by 14.4% during the second quarter. Abacus Planning Group Inc. now owns 29,973 shares of the technology company’s stock worth $635,000 after purchasing an additional 3,772 shares during the period. Jaffetilchin Investment Partners LLC raised its holdings in Hewlett Packard Enterprise by 56.5% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 26,974 shares of the technology company’s stock worth $571,000 after buying an additional 9,743 shares during the period. Forum Financial Management LP lifted its stake in Hewlett Packard Enterprise by 12.3% in the second quarter. Forum Financial Management LP now owns 23,721 shares of the technology company’s stock valued at $502,000 after buying an additional 2,607 shares in the last quarter. International Assets Investment Management LLC bought a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $532,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Hewlett Packard Enterprise by 2.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 126,608 shares of the technology company’s stock worth $2,680,000 after acquiring an additional 2,652 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total value of $752,122.21. Following the sale, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,141 shares of company stock worth $1,874,608. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HPE shares. Susquehanna boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Eight investment 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.18.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $18.76 on Thursday. The firm has a market capitalization of $24.38 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $19.52 and its two-hundred day moving average price is $18.45. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Hewlett Packard Enterprise Company 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.