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Wealth Enhancement Advisory Services LLC Has $1.30 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Defense World · Sep 27, 2022 06:33

Wealth Enhancement Advisory Services LLC increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,474 shares of the technology company's stock after purchasing an additional 10,899 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hewlett Packard Enterprise were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. DeDora Capital Inc. acquired a new position in Hewlett Packard Enterprise in the 1st quarter valued at $30,000. Delos Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $33,000. First Quadrant LLC CA acquired a new position in Hewlett Packard Enterprise in the 1st quarter valued at $36,000. First Manhattan Co. raised its holdings in Hewlett Packard Enterprise by 89.4% in the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company's stock valued at $40,000 after acquiring an additional 1,139 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $41,000. 82.09% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 70,115 shares of the company's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $13.33, for a total value of $934,632.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.2 %

Shares of HPE stock opened at $12.01 on Tuesday. The firm has a market capitalization of $15.45 billion, a P/E ratio of 4.29, a P/E/G ratio of 2.60 and a beta of 1.15. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.76. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.44. The stock's fifty day simple moving average is $13.82 and its 200 day simple moving average is $14.70.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings data on Tuesday, August 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the previous year, the company posted $0.29 EPS. Hewlett Packard Enterprise's quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.28 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be given a $0.12 dividend. The ex-dividend date is Friday, September 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.00%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 17.14%.

Wall Street Analyst Weigh In

HPE has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective on Hewlett Packard Enterprise from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Credit Suisse Group began coverage on Hewlett Packard Enterprise in a report on Tuesday, August 16th. They issued an "outperform" rating and a $18.00 price objective for the company. Raymond James reissued an "outperform" rating and set a $19.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Barclays lowered their price target on Hewlett Packard Enterprise from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, June 2nd. Finally, Morgan Stanley lowered their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.59.

About Hewlett Packard Enterprise

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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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.