Ritholtz Wealth Management Acquires 14,544 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Ritholtz Wealth Management grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,411 shares of the technology company’s stock after purchasing an additional 14,544 shares during the quarter. Ritholtz Wealth Management’s holdings in Hewlett Packard Enterprise were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital Investment Counsel Inc boosted its stake in shares of Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after purchasing an additional 501 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after purchasing an additional 536 shares during the period. Bailard Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock valued at $748,000 after purchasing an additional 580 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its stake in shares of Hewlett Packard Enterprise by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock valued at $2,527,000 after purchasing an additional 598 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research analyst reports. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target for the company. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.36.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, 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. In the last ninety days, insiders sold 176,012 shares of company stock worth $3,417,117. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $20.67 on Monday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. 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 business has a fifty day moving average price of $18.75 and a 200-day moving average price of $18.91. The company has a market capitalization of $26.86 billion, a PE ratio of 15.09, a PEG ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.52%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

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.