Eastern Bank Invests $192,000 in Hewlett Packard Enterprise (NYSE:HPE)

Eastern Bank purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,360 shares of the technology company’s stock, valued at approximately $192,000.

A number of other large investors have also bought and sold shares of HPE. Fisher Asset Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 605.2% in the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock worth $55,000 after purchasing an additional 2,790 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of 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 valued at $387,000 after acquiring an additional 2,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Hewlett Packard Enterprise by 23.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,314 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 16,374 shares in the last quarter. Grimes & Company Inc. raised its holdings in Hewlett Packard Enterprise by 4.1% in the 1st quarter. Grimes & Company Inc. now owns 451,995 shares of the technology company’s stock worth $8,014,000 after purchasing an additional 17,875 shares in the last quarter. Finally, Guidance Capital Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth about $931,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the firm’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 transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s 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 sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on HPE shares. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target for the company. Citigroup began coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $19.40 on Friday. The company has a market capitalization of $25.21 billion, a P/E ratio of 14.16, a P/E/G ratio of 3.38 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The firm’s 50 day simple moving average is $19.24 and its two-hundred day simple moving average is $19.04. 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 released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the company earned $0.35 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.