United Capital Financial Advisers LLC Reduces Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Posted by Defense World Staff on Mar 9th, 2023

United Capital Financial Advisers LLC lowered its position in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 47.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,097 shares of the technology company’s stock after selling 13,786 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $181,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Trust Co. raised its position in Hewlett Packard Enterprise by 3.3% in the 2nd quarter. Cambridge Trust Co. now owns 20,727 shares of the technology company’s stock worth $275,000 after purchasing an additional 668 shares during the period. Strategic Wealth Advisors Group LLC boosted its holdings in Hewlett Packard Enterprise by 3.6% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 22,249 shares of the technology company’s stock valued at $267,000 after acquiring an additional 777 shares during the period. Crossmark Global Holdings Inc. grew its position in Hewlett Packard Enterprise by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,300 shares of the technology company’s stock valued at $2,675,000 after acquiring an additional 780 shares during the last quarter. TRUE Private Wealth Advisors increased its stake in Hewlett Packard Enterprise by 5.0% in the third quarter. TRUE Private Wealth Advisors now owns 16,672 shares of the technology company’s stock worth $199,000 after purchasing an additional 794 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.8% during the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock valued at $499,000 after purchasing an additional 808 shares during the period. Institutional investors own 81.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HPE shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. Credit Suisse Group increased their price target on Hewlett Packard Enterprise to $19.00 in a research report on Friday, December 2nd. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Thursday, March 2nd. Barclays cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a report on Tuesday, January 10th. Finally, Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.92.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Jean M. Hobby sold 10,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $15.28, for a total value of $152,800.00. Following the completion of the transaction, the director now owns 46,161 shares of the company’s stock, valued at $705,340.08. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Hewlett Packard Enterprise news, Director Jean M. Hobby sold 10,000 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $15.28, for a total transaction of $152,800.00. Following the sale, the director now owns 46,161 shares in the company, valued at approximately $705,340.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Justin Hotard sold 45,306 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $16.38, for a total value of $742,112.28. Following the completion of the transaction, the executive vice president now directly owns 13,788 shares in the company, valued at $225,847.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,542 shares of company stock valued at $1,878,984. Insiders own 0.53% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $15.10 on Thursday. Hewlett Packard Enterprise has a 12-month low of $11.90 and a 12-month high of $17.66. The business’s fifty day simple moving average is $16.12 and its 200-day simple moving average is $14.89. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The company has a market cap of $19.58 billion, a PE ratio of 23.23, a PEG ratio of 1.46 and a beta of 1.23.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The firm had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise will post 2.06 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, March 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 73.85%.

Hewlett Packard Enterprise Company Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.