Concurrent Investment Advisors LLC Buys 45,807 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Concurrent Investment Advisors LLC increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 148.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,745 shares of the technology company’s stock after buying an additional 45,807 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA increased its position in shares of Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $861,000. Sei Investments Co. raised its position in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after buying an additional 475,397 shares in the last quarter. National Pension Service lifted its holdings in shares of Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after acquiring an additional 472,885 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after acquiring an additional 99,394 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.44 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The firm has a market cap of $27.84 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 3.45 and a beta of 1.19. The firm’s fifty day moving average is $19.45 and its 200-day moving average is $19.22.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for 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%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.43%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HPE shares. UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price on the stock. Susquehanna reissued a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Loop Capital lifted their price target 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.46.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, 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 the SEC website. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’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 transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company’s stock.

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.