Financial Freedom LLC Grows Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Financial Freedom LLC lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 76.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,197 shares of the technology company’s stock after purchasing an additional 954 shares during the period. Financial Freedom LLC’s holdings in Hewlett Packard Enterprise were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HPE. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $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 valued at $26,000 after acquiring an additional 1,318 shares during the last quarter. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $31,000. Finally, Elequin Capital LP purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $37,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. Bank of America reduced their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Wall Street Zen cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Eight investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.31.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were 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 accessible through this link. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Up 3.1%

Shares of Hewlett Packard Enterprise stock opened at $18.20 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $16.74 and its 200-day simple moving average is $18.85. The firm has a market cap of $23.89 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.31.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 52.53%.

Hewlett Packard Enterprise 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.