Argyle Capital Management LLC Acquires 2,900 Shares of Hewlett Packard Enterprise Company $HPE

Argyle Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,693 shares of the technology company’s stock after purchasing an additional 2,900 shares during the period. Argyle Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $3,082,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Hilltop National Bank acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth $35,000. Zions Bancorporation National Association UT acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $27,000. MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $31,000. Finally, Financial Freedom LLC increased its position in shares of Hewlett Packard Enterprise by 76.7% during the first quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock worth $34,000 after purchasing an additional 954 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $26.23 on Friday. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.72 and a beta of 1.45. The firm’s fifty day moving average is $23.13 and its two-hundred day moving average is $19.53.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPE. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price target on the stock. UBS Group upped their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Bank of America upped their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group upped their target price on Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.06.

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.