Transform Wealth LLC Sells 676 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Transform Wealth LLC decreased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,569 shares of the technology company’s stock after selling 676 shares during the period. Transform Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $2,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $25,000. Bruce G. Allen Investments LLC lifted its position in 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 purchasing an additional 1,318 shares during the period. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $31,000. Finally, Elequin Capital LP bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $37,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $18.35 on Wednesday. The stock has a market capitalization of $24.10 billion, a P/E ratio of 9.66, a P/E/G ratio of 2.03 and a beta of 1.31. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year 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 business has a 50-day moving average price of $16.32 and a two-hundred day moving average price of $18.97.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Equities analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.83%. Hewlett Packard Enterprise’s payout ratio is currently 52.53%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on HPE. Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $17.00 to $22.00 in a research report on Tuesday, May 20th. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Barclays lifted their price objective on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, May 20th. Finally, Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.31.

About Hewlett Packard Enterprise

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.