Fiduciary Financial Group LLC Buys 4,932 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Fiduciary Financial Group LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 36.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,390 shares of the technology company’s stock after buying an additional 4,932 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Hewlett Packard Enterprise were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC raised its holdings 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 buying an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. Finally, ORG Partners LLC grew its stake in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,282 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $20.68 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The stock has a 50-day moving average of $18.75 and a 200 day moving average of $18.89. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,012 shares of company stock valued at $3,417,117. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday. They set a “hold” rating and a $22.00 target price for the company. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target for the company. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $21.36.

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.