IMS Capital Management Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

IMS Capital Management bought a new position in Hewlett Packard Enterprise (NYSE:HPE) in the first quarter, HoldingsChannel.com reports. The fund bought 14,850 shares of the technology company’s stock, valued at approximately $263,000.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $35,000. American National Bank grew its position in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after buying an additional 920 shares during the period. Founders Financial Alliance LLC grew its position in shares of Hewlett Packard Enterprise by 52.8% during the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after buying an additional 851 shares during the period. Finally, ORG Partners LLC grew its position in shares of Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after buying an additional 1,378 shares during the period. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 5.5 %

Shares of HPE stock traded down $1.05 during trading on Friday, reaching $18.03. The company’s stock had a trading volume of 12,776,500 shares, compared to its average volume of 10,385,523. The business has a fifty day moving average price of $20.29 and a 200-day moving average price of $17.97. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $23.43 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 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 analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the director now owns 150,948 shares in the company, valued at $2,944,995.48. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock worth $2,850,108 over the last ninety days. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Sanford C. Bernstein lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $21.08.

About Hewlett Packard Enterprise

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.