Waterfront Wealth Inc. Purchases 10,443 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Waterfront Wealth Inc. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,941 shares of the technology company’s stock after acquiring an additional 10,443 shares during the period. Waterfront Wealth Inc.’s holdings in Hewlett Packard Enterprise were worth $2,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Hewlett Packard Enterprise by 336.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the period. Epoch Investment Partners Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hewlett Packard Enterprise in the first quarter worth about $51,938,000. Finally, Norges Bank bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $48,291,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HPE. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Sanford C. Bernstein upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $21.18.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.69 during trading on Friday, reaching $19.37. The company had a trading volume of 18,330,229 shares, compared to its average volume of 10,648,854. The firm’s 50-day simple moving average is $19.63 and its 200 day simple moving average is $18.36. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.17 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.68%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Insider Activity

In related 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 value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction 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 SEC, which is available through this link. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise 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 directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock worth $2,850,108 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

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.