Centaurus Financial Inc. Takes $155,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Centaurus Financial Inc. acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 7,572 shares of the technology company’s stock, valued at approximately $155,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after acquiring an additional 4,194,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hewlett Packard Enterprise by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after buying an additional 822,722 shares in the last quarter. Legal & General Group Plc grew its holdings in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after buying an additional 617,691 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after buying an additional 129,463 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Hewlett Packard Enterprise by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after buying an additional 237,321 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $20.82 on Thursday. The company has a market cap of $27.04 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.47 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 stock has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $19.71. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Analyst Ratings Changes

HPE has been the topic of a number of analyst reports. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price target on the stock. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. UBS Group upped 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 note on Thursday, September 5th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $22.21.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 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.