Pathstone Holdings LLC Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Pathstone Holdings LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,004 shares of the technology company’s stock after acquiring an additional 2,368 shares during the period. Pathstone Holdings LLC’s holdings in Hewlett Packard Enterprise were worth $3,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LMR Partners LLP acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $2,047,000. Quest Partners LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at about $50,000. Claro Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter worth about $324,000. Natixis Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 67.9% during the third quarter. Natixis Advisors LLC now owns 986,285 shares of the technology company’s stock worth $20,179,000 after acquiring an additional 399,007 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $105,185,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price for the company. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, UBS Group raised their price objective 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. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $22.21.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $22.10 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a 50 day moving average price of $20.35 and a 200-day moving average price of $19.63. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast 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 was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

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.