Radnor Capital Management LLC Purchases 1,300 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Radnor Capital Management LLC increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,838 shares of the technology company’s stock after acquiring an additional 1,300 shares during the quarter. Radnor Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HPE. Capital Investment Counsel Inc raised its holdings in Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after buying an additional 501 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after buying an additional 536 shares during the period. Bailard Inc. raised its holdings in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after buying an additional 580 shares during the period. Finally, Werba Rubin Papier Wealth Management raised its holdings in Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after buying an additional 581 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 0.0 %

HPE stock opened at $20.00 on Wednesday. The company has a market cap of $25.97 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. The business has a 50-day simple moving average of $19.41 and a 200 day simple moving average of $19.20. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Analysts Set New Price Targets

HPE has been the topic of several research analyst reports. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price objective on the stock. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective on the stock. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.46.

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.