Transform Wealth LLC Has $1.36 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Transform Wealth LLC reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,101 shares of the technology company’s stock after selling 5,363 shares during the quarter. Transform Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $1,359,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Epoch Investment Partners Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $51,384,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $48,291,000. Bank of Nova Scotia lifted its position in shares of Hewlett Packard Enterprise by 276.8% during the 3rd quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock worth $39,987,000 after buying an additional 1,691,083 shares during the last quarter. Citigroup Inc. lifted its position in shares of Hewlett Packard Enterprise by 70.2% during the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after buying an additional 1,464,650 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Hewlett Packard Enterprise by 261.6% during the 4th quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock worth $34,222,000 after buying an additional 1,458,034 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Susquehanna increased their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Bank of America increased their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, June 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, Sanford C. Bernstein increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $20.85.

Insider Buying and Selling

In related news, CEO Gerri Gold sold 22,784 shares of the firm’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 transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gerri Gold sold 22,784 shares of the business’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 transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were 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 of the company’s stock, valued at approximately $263,575.36. The disclosure for this sale can be found here. Insiders sold 158,464 shares of company stock valued at $3,160,866 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.6 %

Shares of HPE traded up $0.13 during mid-day trading on Thursday, reaching $21.05. 12,904,232 shares of the company were exchanged, compared to its average volume of 16,390,266. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The stock has a market capitalization of $27.36 billion, a PE ratio of 15.36, a PEG ratio of 3.05 and a beta of 1.18. The business has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $17.26.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.47%. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.