TRUE Private Wealth Advisors Makes New Investment in Hewlett Packard Enterprise Co (NYSE:HPE)

TRUE Private Wealth Advisors acquired a new position in Hewlett Packard Enterprise Co (NYSE:HPE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,182 shares of the technology company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HPE. Boston Partners lifted its holdings in Hewlett Packard Enterprise by 197.6% in the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock worth $445,510,000 after buying an additional 19,172,670 shares during the period. Banco Santander S.A. purchased a new stake in Hewlett Packard Enterprise in the first quarter worth about $19,618,000. State of New Jersey Common Pension Fund D lifted its holdings in Hewlett Packard Enterprise by 275.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the technology company’s stock worth $22,425,000 after buying an additional 1,100,000 shares during the period. Todd Asset Management LLC purchased a new stake in Hewlett Packard Enterprise in the first quarter worth about $15,576,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Hewlett Packard Enterprise by 53.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,789,137 shares of the technology company’s stock worth $41,694,000 after buying an additional 970,938 shares during the period. Institutional investors and hedge funds own 81.42% of the company’s stock.

Several research firms have recently issued reports on HPE. Evercore ISI began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, June 5th. They set an “underperform” rating and a $14.00 target price for the company. ValuEngine lowered shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Nomura decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Longbow Research began coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Maxim Group set a $17.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a report on Friday, August 2nd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.33.



In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philip Davis sold 10,088 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the sale, the insider now owns 15,423 shares in the company, valued at approximately $230,728.08. The disclosure for this sale can be found here. Insiders sold a total of 111,129 shares of company stock valued at $1,558,212 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Shares of HPE stock traded up $0.15 during mid-day trading on Friday, reaching $12.83. 153,825 shares of the company’s stock traded hands, compared to its average volume of 9,440,509. Hewlett Packard Enterprise Co has a 12 month low of $12.09 and a 12 month high of $17.59. The firm has a 50 day moving average price of $14.38 and a two-hundred day moving average price of $15.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. The firm has a market capitalization of $17.94 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, equities analysts expect that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

Further Reading: Growth and Income Funds

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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