MBB Public Markets I LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

MBB Public Markets I LLC purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the second quarter, Holdings Channel reports. The fund purchased 91,274 shares of the technology company’s stock, valued at approximately $1,932,000.

A number of other large investors have also recently bought and sold shares of the business. Rise Advisors LLC grew its stake in Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $28,000. American National Bank increased its stake in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Hewlett Packard Enterprise by 224.5% during 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. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HPE. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. 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 note on Wednesday, June 5th. UBS Group raised their price objective 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 upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target for the company. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $21.31.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $20.14 on Monday. The company has a market capitalization of $26.18 billion, a PE ratio of 14.70, a PEG ratio of 3.05 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $18.56 and its 200-day moving average price is $18.68. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm 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 prior year, the company earned $0.35 EPS. On average, equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

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.