Clifford Swan Investment Counsel LLC Has $21.42 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Clifford Swan Investment Counsel LLC decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 20.0% during the second quarter, HoldingsChannel reports. The firm owned 474,893 shares of the technology company’s stock after selling 118,865 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Hewlett Packard Enterprise were worth $21,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sax Wealth Advisors LLC raised its holdings in Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after acquiring an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Hewlett Packard Enterprise by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after acquiring an additional 355 shares during the period. Investment Research Partners LLC boosted its holdings in Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after acquiring an additional 423 shares during the period. D.A. Davidson & CO. grew its position in shares of Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after purchasing an additional 429 shares during the last quarter. Finally, Compound Planning Inc. grew its position in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after purchasing an additional 446 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Sanford C. Bernstein boosted their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 2nd. Raymond James Financial raised their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Argus increased their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.93.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.1%

Shares of HPE opened at $52.25 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The company has a 50-day simple moving average of $49.53 and a 200-day simple moving average of $37.06. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm has a market capitalization of $69.19 billion, a P/E ratio of 48.83, a P/E/G ratio of 0.56 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post 2.92 earnings per share for the current year.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.