Central Pacific Bank Trust Division Takes $388,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Central Pacific Bank Trust Division bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 1st quarter, HoldingsChannel.com reports. The firm bought 21,600 shares of the technology company’s stock, valued at approximately $388,000.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Hewlett Packard Enterprise by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock worth $301,151,000 after purchasing an additional 695,038 shares during the period. Morgan Stanley raised its position in Hewlett Packard Enterprise by 4.2% during the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock worth $275,819,000 after buying an additional 634,727 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock worth $152,559,000 after buying an additional 83,037 shares during the last quarter. abrdn plc raised its position in Hewlett Packard Enterprise by 12.6% during the 4th quarter. abrdn plc now owns 5,048,253 shares of the technology company’s stock worth $85,719,000 after buying an additional 566,512 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the sale, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the sale, the executive vice president now directly owns 111,054 shares in the company, valued at $2,277,717.54. The disclosure for this sale can be found here. Insiders have sold 158,464 shares of company stock valued at $3,160,866 in the last ninety days. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded up $0.36 during trading hours on Tuesday, reaching $21.25. The company’s stock had a trading volume of 15,674,727 shares, compared to its average volume of 16,247,148. The stock has a market cap of $27.62 billion, a PE ratio of 15.51, a PEG ratio of 2.97 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company’s 50-day moving average is $19.29 and its two-hundred day moving average is $17.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, June 7th. Susquehanna increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Finally, Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.08.

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.