First Trust Direct Indexing L.P. Raises Stake in Hewlett Packard Enterprise (NYSE:HPE)

First Trust Direct Indexing L.P. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,008 shares of the technology company’s stock after purchasing an additional 1,065 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Hewlett Packard Enterprise were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HPE. Hazlett Burt & Watson Inc. raised its position 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 worth $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after buying an additional 1,282 shares in the last quarter. Finally, Rise Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HPE shares. Susquehanna restated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target on the stock. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $21.46.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.05 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a 50-day simple moving average of $19.37 and a two-hundred day simple moving average of $19.13. The firm has a market capitalization of $26.04 billion, a PE ratio of 14.32, a P/E/G ratio of 3.87 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) 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 company 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 company earned $0.35 EPS. 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 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given 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 2.59%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Hewlett Packard Enterprise 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.