Benin Management CORP Has $657,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Benin Management CORP grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 70.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,554 shares of the technology company’s stock after purchasing an additional 17,626 shares during the quarter. Benin Management CORP’s holdings in Hewlett Packard Enterprise were worth $657,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $32,000. Finally, Elequin Capital LP bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $37,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $17.69 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $23.24 billion, a PE ratio of 9.31, a PEG ratio of 2.03 and a beta of 1.29. The company’s fifty day moving average is $16.05 and its 200 day moving average is $19.09. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HPE shares. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Loop Capital reduced their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Wells Fargo & Company decreased their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Finally, Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.