SVB Wealth LLC Sells 5,105 Shares of Hewlett Packard Enterprise (NYSE:HPE)

SVB Wealth LLC trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,639 shares of the technology company’s stock after selling 5,105 shares during the period. SVB Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $561,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC grew its stake in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Johnson Financial Group Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $35,000. American National Bank lifted its stake in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares in the last quarter. Founders Financial Alliance LLC lifted its stake in Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock valued at $42,000 after buying an additional 851 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after buying an additional 1,378 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock worth $2,850,108 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. Sanford C. Bernstein lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. UBS Group upped their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.08.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.35 during midday trading on Monday, reaching $19.41. 7,864,089 shares of the company’s stock were exchanged, compared to its average volume of 15,591,013. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.85 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. The stock’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $17.87.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

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.