Princeton Capital Management LLC Has $1.42 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Princeton Capital Management LLC lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,070 shares of the technology company’s stock after buying an additional 10,305 shares during the quarter. Princeton Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,420,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after acquiring an additional 517,734 shares during the period. Sei Investments Co. raised its holdings in 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 acquiring an additional 475,397 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after purchasing an additional 196,112 shares in the last quarter. Cetera Investment Advisers raised its stake in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after purchasing an additional 99,394 shares in the last quarter. Finally, Guidance Capital Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $931,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPE has been the topic of several analyst reports. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, June 7th. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Bank of America upped their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, UBS Group boosted their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.18.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $19.37 on Tuesday. The stock’s 50-day moving average is $19.61 and its 200-day moving average is $18.42. The stock has a market cap of $25.17 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. 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 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the sale, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Kirt P. Karros sold 30,686 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the director now directly owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders sold a total of 140,141 shares of company stock valued at $2,850,108 in the last three months. 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.