Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lowered its stake in Hewlett Packard Enterprise (NYSE:HPE) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,185 shares of the technology company’s stock after selling 1,011 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its stake in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after acquiring an additional 440 shares during the period. Essex Financial Services Inc. grew its stake in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after acquiring an additional 461 shares during the period. Aviso Financial Inc. lifted its holdings in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 490 shares in the last quarter. Forum Financial Management LP lifted its holdings in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock valued at $505,000 after purchasing an additional 515 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted its holdings in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock valued at $2,769,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.0%

Shares of NYSE:HPE opened at $17.69 on Wednesday. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $16.05 and its two-hundred day moving average price is $19.09.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HPE. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Wall Street Zen lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company lowered their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Finally, Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

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.