Raymond James Trust N.A. Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Raymond James Trust N.A. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 387.0% in the third quarter, HoldingsChannel reports. The firm owned 94,346 shares of the technology company’s stock after purchasing an additional 74,973 shares during the quarter. Raymond James Trust N.A.’s holdings in Hewlett Packard Enterprise were worth $1,930,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise during the third quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $28,000. Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.7 %

HPE opened at $22.10 on Friday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a market capitalization of $28.70 billion, a P/E ratio of 15.79, a PEG ratio of 3.40 and a beta of 1.19. The stock’s fifty day moving average is $20.35 and its two-hundred day moving average is $19.61. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 26.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last ninety days. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on HPE. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Citigroup raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.21.

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.