Bell Bank Buys 158,616 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Bell Bank increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 86.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,371 shares of the technology company’s stock after acquiring an additional 158,616 shares during the quarter. Bell Bank’s holdings in Hewlett Packard Enterprise were worth $5,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $292,959,000. Norges Bank purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $119,067,000. Slate Path Capital LP raised its stake in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Hewlett Packard Enterprise by 1,382.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock valued at $70,447,000 after purchasing an additional 3,077,046 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 3.1%

Shares of HPE opened at $18.20 on Tuesday. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a 50-day moving average of $16.74 and a 200 day moving average of $18.85. The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

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, beating 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 company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, research analysts expect that Hewlett Packard Enterprise will post 1.85 EPS 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. Hewlett Packard Enterprise’s payout ratio is 52.53%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPE. Evercore ISI raised shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and upped their price target for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Wells Fargo & Company upped their price target 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. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research note on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price 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.