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

Menard Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,266 shares of the technology company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 253.9% during the 1st 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 last quarter. Hazlett Burt & Watson Inc. raised its holdings 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 valued at $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $28,000. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $35,000. Finally, American National Bank grew its position in shares of Hewlett Packard Enterprise by 89.4% in the first 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 last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Sanford C. Bernstein boosted their price objective 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. Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Loop Capital boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $20.83.

Hewlett Packard Enterprise Trading Up 1.7 %

Shares of HPE stock 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. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a market cap of $22.27 billion, a PE ratio of 12.52, a P/E/G ratio of 1.97 and a beta of 1.19. The stock’s fifty day moving average price is $18.98 and its two-hundred day moving average price is $18.57.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal 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 paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Hewlett Packard Enterprise 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.