Empirical Finance LLC Purchases 1,516 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Empirical Finance LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 3.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 46,921 shares of the technology company’s stock after acquiring an additional 1,516 shares during the period. Empirical Finance LLC’s holdings in Hewlett Packard Enterprise were worth $832,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. VitalStone Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $311,000. Texas Permanent School Fund Corp raised its stake in shares of Hewlett Packard Enterprise by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 268,738 shares of the technology company’s stock worth $4,765,000 after purchasing an additional 3,850 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in shares of Hewlett Packard Enterprise by 0.4% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 721,862 shares of the technology company’s stock worth $12,799,000 after purchasing an additional 3,018 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $388,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 2.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 136,026 shares of the technology company’s stock worth $2,412,000 after purchasing an additional 3,537 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,464 shares of company stock worth $3,160,866. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HPE shares. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Sanford C. Bernstein raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Evercore ISI raised their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $21.08.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.03 during mid-day trading on Friday, reaching $21.17. The company had a trading volume of 9,182,617 shares, compared to its average volume of 16,098,848. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market cap of $27.51 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 3.08 and a beta of 1.19. The business’s 50-day simple moving average is $19.48 and its 200 day simple moving average is $17.58.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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. 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 for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business earned $0.32 earnings per share. Hewlett Packard Enterprise’s revenue was up 3.3% on a year-over-year basis. On average, research analysts predict 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 will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Hewlett Packard Enterprise Company 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.