Clear Creek Financial Management LLC Reduces Stake in Hewlett Packard Enterprise (NYSE:HPE)

Clear Creek Financial Management LLC decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,245 shares of the technology company’s stock after selling 1,365 shares during the period. Clear Creek Financial Management LLC’s holdings in Hewlett Packard Enterprise were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HPE. Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $35,000. American National Bank increased its stake in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares during the last quarter. ORG Partners LLC increased its stake in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its stake in Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 2.3 %

NYSE HPE traded up $0.44 on Friday, hitting $19.21. The company’s stock had a trading volume of 7,959,493 shares, compared to its average volume of 15,076,776. The firm has a market cap of $24.97 billion, a P/E ratio of 14.02, a PEG ratio of 2.76 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $19.88 and its 200 day simple moving average is $18.24. 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 released its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Research analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HPE shares. Evercore ISI increased their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, June 7th. Susquehanna increased their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.08.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction 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 completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 36,671 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the completion of the transaction, the executive vice president now owns 111,054 shares in the company, valued at $2,277,717.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,141 shares of company stock worth $2,850,108. 0.40% of the stock is owned by insiders.

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.