First Dallas Securities Inc. Buys New Position in Hewlett Packard Enterprise (NYSE:HPE)

First Dallas Securities Inc. purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the second quarter, Holdings Channel.com reports. The fund purchased 11,650 shares of the technology company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. International Assets Investment Management LLC raised its holdings in Hewlett Packard Enterprise by 15.1% during the fourth quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock worth $1,240,000 after purchasing an additional 9,578 shares in the last quarter. Truist Financial Corp raised its stake in shares of Hewlett Packard Enterprise by 1.5% in the 4th quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock worth $1,367,000 after buying an additional 1,190 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Hewlett Packard Enterprise by 7.2% in the fourth quarter. Van ECK Associates Corp now owns 78,789 shares of the technology company’s stock valued at $1,338,000 after buying an additional 5,297 shares during the period. Fisher Asset Management LLC boosted its stake in Hewlett Packard Enterprise by 605.2% during the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after buying an additional 2,790 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in Hewlett Packard Enterprise by 9.5% during the fourth quarter. Natixis Advisors L.P. now owns 493,014 shares of the technology company’s stock worth $8,371,000 after acquiring an additional 42,594 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HPE. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $21.36.

Hewlett Packard Enterprise Stock Down 7.0 %

Shares of Hewlett Packard Enterprise stock traded down $1.32 during midday trading on Thursday, hitting $17.45. The company’s stock had a trading volume of 11,203,793 shares, compared to its average volume of 14,945,860. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. 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 firm has a market capitalization of $22.68 billion, a P/E ratio of 12.63, a PEG ratio of 2.80 and a beta of 1.20. The stock has a 50-day simple moving average of $19.52 and a 200-day simple moving average of $18.45.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. Hewlett Packard Enterprise’s payout ratio is presently 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 stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,141 shares of company stock worth $1,874,608. 0.40% of the stock is currently owned by company insiders.

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.