Midwest Professional Planners LTD. Increases Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Midwest Professional Planners LTD. raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,509 shares of the technology company’s stock after buying an additional 2,452 shares during the period. Midwest Professional Planners LTD.’s holdings in Hewlett Packard Enterprise were worth $1,397,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth $25,000. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise during the 1st quarter worth $25,000. Bruce G. Allen Investments LLC increased its holdings in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,318 shares during the period. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company’s stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 over the last ninety days. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Bank of America boosted their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Wednesday, June 4th. Wall Street Zen raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $22.15.

Hewlett Packard Enterprise Trading Down 0.2%

NYSE:HPE opened at $20.68 on Tuesday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The firm has a fifty day simple moving average of $18.43 and a 200-day simple moving average of $18.55. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $27.13 billion, a P/E ratio of 20.88, a PEG ratio of 2.99 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm 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 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 52.53%.

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.