Summit Trail Advisors LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Summit Trail Advisors LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 16.2% during the fourth quarter, HoldingsChannel reports. The fund owned 18,035 shares of the technology company’s stock after acquiring an additional 2,516 shares during the quarter. Summit Trail Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $308,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. grew its position in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares during the last quarter. ORG Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $52,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Trading Up 0.1 %

Hewlett Packard Enterprise stock opened at $16.87 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $13.70 and a 52 week high of $20.07. The stock has a 50-day moving average price of $17.30 and a 200 day moving average price of $16.42. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $21.93 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HPE. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Evercore ISI decreased their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $17.91.

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.