Venturi Wealth Management LLC Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Venturi Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 252.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the technology company’s stock after purchasing an additional 1,977 shares during the quarter. Venturi Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $56,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Hazlett Burt & Watson Inc. grew its holdings in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Financial Management Professionals Inc. lifted its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 224.5% during 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. Finally, Rise Advisors LLC grew its position 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 purchasing an additional 625 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HPE. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target for the company. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price for the company. Bank of America raised 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 research note on Tuesday, September 17th. Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $21.46.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of NYSE:HPE opened at $21.07 on Friday. The firm has a market capitalization of $27.36 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19. The business has a 50 day simple moving average of $19.80 and a two-hundred day simple moving average of $19.40. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 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.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.67 billion. During the same period last year, the company earned $0.35 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. This represents a 50.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

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.