39,005 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by Cypress Capital Group

Cypress Capital Group acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 39,005 shares of the technology company’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC grew 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 valued at $26,000 after acquiring an additional 1,051 shares during the period. Johnson Financial Group Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at $35,000. American National Bank lifted its holdings 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 valued at $35,000 after purchasing an additional 920 shares in the last quarter. ORG Partners LLC lifted its holdings 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 valued at $39,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its holdings 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 valued at $42,000 after purchasing an additional 851 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.4 %

Shares of HPE stock traded up $0.07 during mid-day trading on Monday, hitting $19.28. 1,516,433 shares of the company’s stock were exchanged, compared to its average volume of 14,994,096. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.76 and a beta of 1.20. The stock has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $18.26. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of research reports. Barclays raised their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Finally, UBS Group raised 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. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $21.08.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The sale 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 the company’s stock in a transaction dated Tuesday, June 11th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,141 shares of company stock worth $2,850,108. Corporate insiders own 0.40% of the company’s stock.

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.