Kathmere Capital Management LLC Buys Shares of 10,018 Hewlett Packard Enterprise (NYSE:HPE)

Kathmere Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,018 shares of the technology company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently made changes to their positions in HPE. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after buying an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $51,384,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hewlett Packard Enterprise during the first quarter valued at about $51,938,000. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $48,291,000. Finally, Natixis raised its holdings in Hewlett Packard Enterprise by 10,345.0% in the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock worth $31,736,000 after purchasing an additional 1,772,828 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPE. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.08.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock valued at $2,850,108 over the last 90 days. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $1.05 during trading hours on Friday, hitting $18.03. 12,776,500 shares of the stock traded hands, compared to its average volume of 10,385,523. The firm’s 50 day moving average price is $20.29 and its 200-day moving average price is $17.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 2.76 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

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.