Hewlett Packard Enterprise Company $HPE Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 39.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,835 shares of the technology company’s stock after acquiring an additional 7,075 shares during the period. GAMMA Investing LLC’s holdings in Hewlett Packard Enterprise were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise in the first quarter worth $25,000. Bruce G. Allen Investments LLC grew its stake in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $27,000. Ameriflex Group Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $31,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $31,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares of the company’s stock, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 573,738 shares of company stock valued at $13,539,132 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $24.21 on Friday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.36. The stock has a market cap of $31.94 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a fifty day moving average price of $22.31 and a 200 day moving average price of $18.91.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a “sector weight” rating for the company. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price for the company. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $24.81.

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.