Valley Wealth Managers Inc. Invests $26,000 in Hewlett Packard Enterprise (NYSE:HPE)

Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,274 shares of the technology company’s stock, valued at approximately $26,000.

A number of other hedge funds have also bought and sold shares of HPE. Capital Investment Counsel Inc grew 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 acquiring an additional 500 shares during the period. First Horizon Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Hewlett Packard Enterprise by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after buying an additional 536 shares during the period. Bailard Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Werba Rubin Papier Wealth Management grew its position in shares of 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.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.07 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.36 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19. The stock’s fifty day simple moving average is $19.87 and its two-hundred day simple moving average is $19.43.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.47%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HPE. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.