Raymond James & Associates Purchases 2,116,824 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Raymond James & Associates grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 92.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,404,520 shares of the technology company’s stock after buying an additional 2,116,824 shares during the period. Raymond James & Associates’ holdings in Hewlett Packard Enterprise were worth $90,116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of Hewlett Packard Enterprise by 605.2% in the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after purchasing an additional 2,790 shares in the last quarter. Park Avenue Securities LLC increased its position in Hewlett Packard Enterprise by 11.4% during the first quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company’s stock worth $387,000 after purchasing an additional 2,228 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 5.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 66,216 shares of the technology company’s stock valued at $1,174,000 after buying an additional 3,385 shares during the period. Janiczek Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 14.3% during the 1st quarter. Janiczek Wealth Management LLC now owns 10,614 shares of the technology company’s stock worth $188,000 after buying an additional 1,324 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Hewlett Packard Enterprise by 23.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,314 shares of the technology company’s stock worth $1,530,000 after acquiring an additional 16,374 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Susquehanna reiterated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.46.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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 directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated 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 sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock worth $8,599,617 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Down 1.2 %

Shares of NYSE:HPE opened at $20.69 on Monday. The company’s 50-day moving average price is $19.11 and its 200 day moving average price is $19.01. The company has a market cap of $26.89 billion, a PE ratio of 15.10, a P/E/G ratio of 3.38 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. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is 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.