Menard Financial Group LLC Purchases New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Menard Financial Group LLC purchased 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 and Exchange Commission (SEC). The institutional investor purchased 24,266 shares of the technology company’s stock, valued at approximately $514,000.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC lifted its position in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,051 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $35,000. Finally, American National Bank lifted its stake in shares of 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 purchasing an additional 920 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $17.15 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a 50 day moving average price of $18.98 and a 200 day moving average price of $18.57. The stock has a market capitalization of $22.27 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

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, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.03%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HPE shares. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Bank of America dropped their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.83.

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.