Choreo LLC Buys Shares of 19,890 Hewlett Packard Enterprise (NYSE:HPE)

Choreo LLC purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,890 shares of the technology company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also modified their holdings of HPE. Rise Advisors LLC boosted its stake in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $35,000. American National Bank increased its position in shares of 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 buying an additional 920 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of 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 buying an additional 1,282 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on HPE. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Finally, UBS Group boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $20.83.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $17.23 on Tuesday. The firm has a market capitalization of $22.39 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $18.91 and its two-hundred day moving average price is $18.59. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Hewlett Packard Enterprise 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.