Prime Capital Investment Advisors LLC Has $350,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Prime Capital Investment Advisors LLC lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,116 shares of the technology company’s stock after selling 732 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Avantax Advisory Services Inc. increased its holdings in Hewlett Packard Enterprise by 4.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock worth $315,000 after purchasing an additional 822 shares in the last quarter. Vanguard Group Inc. raised its position in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Patten & Patten Inc. TN lifted its stake in Hewlett Packard Enterprise by 26.9% during the 1st quarter. Patten & Patten Inc. TN now owns 20,523 shares of the technology company’s stock valued at $364,000 after acquiring an additional 4,350 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in Hewlett Packard Enterprise by 40.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 218,314 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 62,818 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $886,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.07 on Friday. The company has a 50-day moving average price of $19.87 and a two-hundred day moving average price of $19.43. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.36 billion, a PE ratio of 15.05, a P/E/G ratio of 3.39 and a beta of 1.19.

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 analysts’ consensus estimates 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 business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the business earned $0.35 EPS. Hewlett Packard Enterprise’s revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on HPE shares. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Barclays raised 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 report on Wednesday, September 25th. UBS Group lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Susquehanna restated 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, Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $21.46.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last quarter. 0.40% of the stock is currently 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.