BigSur Wealth Management LLC Acquires Shares of 10,750 Hewlett Packard Enterprise Company (HPE)

BigSur Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the fourth quarter, Holdings Channel reports. The fund acquired 10,750 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ledyard National Bank raised its position in shares of Hewlett Packard Enterprise Company by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the period. Wedgewood Investors Inc. PA raised its position in shares of Hewlett Packard Enterprise Company by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock worth $247,000 after buying an additional 54 shares during the period. Cypress Wealth Advisors LLC raised its position in shares of Hewlett Packard Enterprise Company by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock worth $309,000 after buying an additional 70 shares during the period. Advisor Partners LLC raised its position in shares of Hewlett Packard Enterprise Company by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock worth $534,000 after buying an additional 181 shares during the period. Finally, Tiemann Investment Advisors LLC raised its position in shares of Hewlett Packard Enterprise Company by 1.5% in the second quarter. Tiemann Investment Advisors LLC now owns 13,415 shares of the company’s stock worth $245,000 after buying an additional 200 shares during the period. 79.10% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Hewlett Packard Enterprise Company (NYSE:HPE)

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.12% during midday trading on Friday, hitting $24.30. The company’s stock had a trading volume of 1,083,038 shares. The stock’s 50 day moving average is $23.18 and its 200-day moving average is $22.71. Hewlett Packard Enterprise Company has a 52-week low of $12.82 and a 52-week high of $24.79. The firm has a market cap of $40.46 billion, a P/E ratio of 13.35 and a beta of 3.05.

Hewlett Packard Enterprise Company (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise Company had a return on equity of 10.43% and a net margin of 6.31%. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.85 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise Company will post $2.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a $0.065 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.07%. Hewlett Packard Enterprise Company’s payout ratio is presently 14.21%.

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HPE has been the topic of a number of recent research reports. Jefferies Group LLC increased their target price on Hewlett Packard Enterprise Company from $23.55 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Oppenheimer Holdings, Inc. set a $25.00 target price on Hewlett Packard Enterprise Company and gave the stock a “buy” rating in a research note on Monday, November 14th. Vetr lowered Hewlett Packard Enterprise Company from a “strong-buy” rating to a “buy” rating and set a $23.99 target price on the stock. in a research note on Wednesday, October 26th. Credit Suisse Group reiterated a “buy” rating and set a $26.00 target price on shares of Hewlett Packard Enterprise Company in a research note on Monday, November 7th. Finally, Deutsche Bank AG increased their target price on Hewlett Packard Enterprise Company from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.58.

In related news, EVP Christopher P. Hsu sold 4,780 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total value of $110,513.60. Following the transaction, the executive vice president now owns 71,219 shares in the company, valued at $1,646,583.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Antonio F. Neri sold 151,222 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $23.74, for a total value of $3,590,010.28. Following the completion of the transaction, the executive vice president now owns 56,330 shares in the company, valued at approximately $1,337,274.20. The disclosure for this sale can be found here. Insiders sold a total of 329,620 shares of company stock worth $7,862,012 in the last 90 days. Company insiders own 0.87% of the company’s stock.

About Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE).

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