Ritholtz Wealth Management Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Ritholtz Wealth Management increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,411 shares of the technology company’s stock after purchasing an additional 14,544 shares during the period. Ritholtz Wealth Management’s holdings in Hewlett Packard Enterprise were worth $1,379,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares in the last quarter. Sei Investments Co. lifted its holdings in Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after purchasing an additional 475,397 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Hewlett Packard Enterprise by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after purchasing an additional 196,112 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares in the last quarter. Finally, Guidance Capital Inc. purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth approximately $931,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $20.67 on Monday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 3.38 and a beta of 1.19. The stock has a fifty day simple moving average of $18.75 and a two-hundred day simple moving average of $18.91. 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 (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping 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 business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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 paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was 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 directly owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was 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 directly owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 176,012 shares of company stock worth $3,417,117 in the last three months. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HPE shares. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective on the stock. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday. Finally, UBS Group lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.36.

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.