Hewlett Packard Enterprise (NYSE:HPE) Holdings Boosted by Lyell Wealth Management LP

Lyell Wealth Management LP boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,899 shares of the technology company’s stock after purchasing an additional 1,120 shares during the period. Lyell Wealth Management LP’s holdings in Hewlett Packard Enterprise were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $208,000. Alta Advisers Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $55,000. Envestnet Asset Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock valued at $11,331,000 after buying an additional 117,243 shares during the period. Parallel Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 5.9% during the 2nd quarter. Parallel Advisors LLC now owns 35,264 shares of the technology company’s stock valued at $747,000 after buying an additional 1,970 shares during the period. Finally, Meeder Advisory Services Inc. boosted its stake in shares of Hewlett Packard Enterprise by 29.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 21,505 shares of the technology company’s stock valued at $455,000 after buying an additional 4,858 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $17.15 on Monday. The company has a market capitalization of $22.27 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company’s fifty day moving average price is $18.98 and its 200 day moving average price is $18.57.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research reports. Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $20.83.

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.