Cwm LLC buys 18,308 shares of Hewlett Packard Enterprise (NYSE:HPE)

Cwm LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 41.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,979 shares of the technology company’s stock after acquiring an additional 18,308 shares during the period. Cwm LLC’s holdings in Hewlett Packard Enterprise were worth $1,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 10.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock valued at $116,000 after acquiring an additional 626 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after buying an additional 693 shares. shares in the last quarter. Montgomery Investment Management Inc. raised its position in shares of Hewlett Packard Enterprise by 2.9% during the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Hewlett Packard Enterprise by 2.9% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock valued at $455,000 after acquiring an additional 714 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its stake in Hewlett Packard Enterprise by 0.5% in the first quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock worth $2,575,000 after purchasing an additional 756 shares during the last quarter. 80.78% of the shares are currently owned by institutional investors.

Internal Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. In other news, EVP Neil B. Macdonald sold 36,671 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the sale, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,141 shares of company stock worth $2,850,108. Corporate insiders own 0.40% of the company’s shares.

Hewlett Packard Enterprise stocks rose 0.2%

NYSE:HPE traded up $0.03 during trading hours on Friday, reaching $17.34. The company’s stock had a trading volume of 7,352,755 shares, compared to its average volume of 15,383,503. The company has a market cap of $22.54 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59, and a current ratio of 0.90. The stock has a 50 day moving average price of $20.18 and a two hundred day moving average price of $18.02.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report ) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company’s quarterly revenue was up 3.3% year over year. In the same period last year, the firm posted earnings of $0.32 per share. equities analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise announces dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analysts set new price targets

Several research firms have recently issued reports on HPE. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Friday, June 7th. UBS Group boosted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.08, according to MarketBeat.

Check out our latest analysis of Hewlett Packard Enterprise

About Hewlett Packard Enterprise

(Free report)

Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze and act on data across the Americas, Europe, the Middle East, Africa, Asia Pacific and Japan. It operates in six segments: Compute, HPC and AI, Storage, Intelligent Edge, Financial Services and Corporate Investments and Others.

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