Sanctuary Advisors LLC Buys Shares of 276,520 Hewlett Packard Enterprise (NYSE:HPE)

Sanctuary Advisors LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 276,520 shares of the technology company’s stock, valued at approximately $5,854,000.

A number of other hedge funds also recently modified their holdings of HPE. Cetera Investment Advisers increased its stake in Hewlett Packard Enterprise by 30.2% during the 2nd quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company’s stock worth $3,341,000 after purchasing an additional 36,589 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Hewlett Packard Enterprise by 16.8% in the second quarter. Truist Financial Corp now owns 390,521 shares of the technology company’s stock valued at $8,267,000 after buying an additional 56,288 shares during the period. Hershey Financial Advisers LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $684,000. EP Wealth Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 20.3% during the second quarter. EP Wealth Advisors LLC now owns 30,741 shares of the technology company’s stock worth $651,000 after acquiring an additional 5,183 shares during the period. Finally, Quarry LP bought a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $20.62 on Friday. The stock has a market cap of $26.80 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.05 and a beta of 1.19. The company has a fifty day moving average price of $18.59 and a two-hundred day moving average price of $18.77. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 168,242 shares of company stock valued at $3,253,947 in the last quarter. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HPE. UBS Group lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.31.

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.