Moloney Securities Asset Management LLC Invests $861,000 in Hewlett Packard Enterprise (NYSE:HPE)

Moloney Securities Asset Management LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,091 shares of the technology company’s stock, valued at approximately $861,000.

Other institutional investors also recently made changes to their positions in the company. CHICAGO TRUST Co NA raised its holdings in shares of Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after acquiring an additional 36,704 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after acquiring an additional 475,397 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after acquiring an additional 99,394 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Hewlett Packard Enterprise by 1,846.5% in the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after purchasing an additional 463,965 shares during the period. Finally, Swedbank AB acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $26,995,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 426,012 shares of company stock valued at $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.0 %

Shares of Hewlett Packard Enterprise stock opened at $20.00 on Wednesday. The company has a fifty day moving average price of $19.41 and a 200 day moving average price of $19.20. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.60%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Analysts Set New Price Targets

HPE has been the topic of a number of research analyst reports. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.46.

Hewlett Packard Enterprise Company 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.