Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 10.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 89,202 shares of the technology company’s stock after acquiring an additional 8,270 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hewlett Packard Enterprise were worth $1,515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Hewlett Packard Enterprise by 7.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after buying an additional 666 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 3.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares during the period. Montgomery Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares in the last quarter. IMPACTfolio LLC lifted its stake in shares of Hewlett Packard Enterprise by 5.3% in the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares during the period. Finally, Avantax Planning Partners Inc. boosted its holdings in Hewlett Packard Enterprise by 5.5% during the third quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company’s stock worth $245,000 after buying an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HPE shares. Evercore ISI reduced their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Barclays lowered their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Trading Up 1.3 %

Shares of NYSE HPE traded up $0.22 on Wednesday, reaching $17.08. 1,718,381 shares of the company traded hands, compared to its average volume of 14,281,945. Hewlett Packard Enterprise has a fifty-two week low of $13.70 and a fifty-two week high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $17.30 and a 200 day moving average of $16.42. The stock has a market capitalization of $22.20 billion, a PE ratio of 11.63, a P/E/G ratio of 3.12 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

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.