First National Trust Co Purchases New Position in Hewlett Packard Enterprise (NYSE:HPE)

First National Trust Co acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,555 shares of the technology company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after acquiring an additional 536 shares in the last quarter. Princeton Capital Management LLC boosted its position in Hewlett Packard Enterprise by 18.2% during the second quarter. Princeton Capital Management LLC now owns 67,070 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 10,305 shares during the period. Rhumbline Advisers grew its holdings in Hewlett Packard Enterprise by 0.7% during the second quarter. Rhumbline Advisers now owns 2,565,453 shares of the technology company’s stock valued at $54,311,000 after purchasing an additional 18,828 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $2,385,000. Finally, Guidance Capital Inc. lifted its stake in shares of Hewlett Packard Enterprise by 4.8% in the second quarter. Guidance Capital Inc. now owns 56,575 shares of the technology company’s stock worth $1,126,000 after buying an additional 2,613 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $18.76 on Thursday. 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’s fifty day moving average is $19.52 and its 200-day moving average is $18.45. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The stock has a market capitalization of $24.38 billion, a PE ratio of 13.69, a PEG ratio of 2.80 and a beta of 1.20.

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, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.77%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the transaction, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Insiders have sold a total of 90,141 shares of company stock valued at $1,874,608 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HPE shares. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Finally, Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.18.

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.