Hewlett Packard Enterprise Co (NYSE:HPE) Stake Increased by Cedar Brook Financial Partners LLC

Cedar Brook Financial Partners LLC increased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,142 shares of the technology company’s stock after buying an additional 1,643 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Hewlett Packard Enterprise were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Legacy Bridge LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $38,000. Private Ocean LLC raised its position in Hewlett Packard Enterprise by 34.9% during the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after purchasing an additional 668 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $34,000. Finally, JNBA Financial Advisors raised its position in Hewlett Packard Enterprise by 1,300.0% during the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,600 shares in the last quarter. 82.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of HPE stock traded down $0.20 on Friday, hitting $14.15. 5,809,625 shares of the company’s stock traded hands, compared to its average volume of 10,561,526. The firm has a market cap of $18.94 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.30 and a beta of 1.60. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $17.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, analysts forecast that Hewlett Packard Enterprise Co will post 1.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s payout ratio is 28.85%.

In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Antonio F. Neri sold 591,276 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the transaction, the insider now directly owns 59,110 shares of the company’s stock, valued at $975,906.10. The disclosure for this sale can be found here. Insiders have sold a total of 692,317 shares of company stock worth $11,169,262 in the last ninety days. Insiders own 0.56% of the company’s stock.

Several equities analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 target price on the stock. Nomura lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Credit Suisse Group initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Finally, Daiwa Capital Markets started coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They issued a “hold” rating and a $16.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $16.71.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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