SOA Wealth Advisors LLC. Reduces Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

SOA Wealth Advisors LLC. lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 55.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,764 shares of the technology company’s stock after selling 2,155 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Hewlett Packard Enterprise were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Hewlett Packard Enterprise by 15.1% in the 4th quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock worth $1,240,000 after purchasing an additional 9,578 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $305,000. Cerity Partners LLC increased its position in shares of Hewlett Packard Enterprise by 141.5% during the fourth quarter. Cerity Partners LLC now owns 92,484 shares of the technology company’s stock valued at $1,571,000 after acquiring an additional 54,182 shares in the last quarter. ORG Partners LLC raised its holdings in Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Simplicity Solutions LLC lifted its position in Hewlett Packard Enterprise by 72.6% in the 4th quarter. Simplicity Solutions LLC now owns 37,292 shares of the technology company’s stock valued at $633,000 after acquiring an additional 15,683 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock remained flat at $18.76 during trading hours on Friday. The stock had a trading volume of 2,972,542 shares, compared to its average volume of 15,256,622. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The stock has a market cap of $24.38 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.76 and a beta of 1.20. The stock’s 50-day moving average price is $20.12 and its 200-day moving average price is $18.08. 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 announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock valued at $2,850,108 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note 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. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.08.

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.