Sigma Planning Corp Has $760,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Sigma Planning Corp raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,125 shares of the technology company’s stock after buying an additional 2,658 shares during the period. Sigma Planning Corp’s holdings in Hewlett Packard Enterprise were worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $861,000. CHICAGO TRUST Co NA grew its position in shares of Hewlett Packard Enterprise by 67.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after acquiring an additional 36,704 shares during the period. National Pension Service grew its position in shares of Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after acquiring an additional 472,885 shares during the period. Cetera Investment Advisers grew its position in shares of Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after acquiring an additional 99,394 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Hewlett Packard Enterprise by 1,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after acquiring an additional 463,965 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.46.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.86 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $28.39 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.37 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm has a 50-day moving average price of $19.67 and a two-hundred day moving average price of $19.37.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (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 the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is presently 37.14%.

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.