Cowa LLC Acquires 8,611 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Cowa LLC increased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 18.1% in the first quarter, HoldingsChannel reports. The firm owned 56,220 shares of the technology company’s stock after purchasing an additional 8,611 shares during the period. Cowa LLC’s holdings in Hewlett Packard Enterprise were worth $867,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Tocqueville Asset Management L.P. boosted its holdings in Hewlett Packard Enterprise by 15.3% in the first quarter. Tocqueville Asset Management L.P. now owns 19,739 shares of the technology company’s stock worth $305,000 after purchasing an additional 2,623 shares in the last quarter. Gator Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 214.3% during the first quarter. Gator Capital Management LLC now owns 33,000 shares of the technology company’s stock valued at $509,000 after acquiring an additional 22,500 shares during the period. Marathon Trading Investment Management LLC bought a new stake in Hewlett Packard Enterprise during the first quarter valued at about $262,000. Horizon Investments LLC boosted its holdings in Hewlett Packard Enterprise by 3.7% during the first quarter. Horizon Investments LLC now owns 35,494 shares of the technology company’s stock valued at $548,000 after acquiring an additional 1,250 shares during the period. Finally, Providence Capital Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 15.4% during the first quarter. Providence Capital Advisors LLC now owns 352,900 shares of the technology company’s stock valued at $5,445,000 after acquiring an additional 47,000 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.15 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $27.75 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 3.07 and a beta of 1.37. The firm has a 50-day moving average price of $19.95 and a 200 day moving average price of $18.28.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 52.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HPE shares. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Evercore ISI upped their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a “neutral” rating and a $22.00 price target for the company. Finally, UBS Group upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.87.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock worth $2,436,000 over the last ninety days. Insiders own 0.36% of the company’s stock.

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.