Beacon Pointe Advisors LLC Has $7.49 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Beacon Pointe Advisors LLC raised its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 366,022 shares of the technology company’s stock after buying an additional 24,764 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $7,485,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock valued at $3,472,493,000 after acquiring an additional 2,604,059 shares during the period. Geode Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.2% during the second quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock valued at $701,864,000 after purchasing an additional 724,974 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock worth $271,333,000 after purchasing an additional 2,373,850 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after buying an additional 545,775 shares during the period. Finally, National Bank of Canada FI increased its position in Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after buying an additional 15,171,314 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the transaction, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 293,738 shares of company stock valued at $7,252,098 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.93 on Wednesday. The company has a market capitalization of $28.93 billion, a PE ratio of 26.74, a PEG ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $23.37 and its 200-day moving average price is $21.57. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter last year, the business posted $0.50 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price target for the company. Evercore ISI boosted their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Raymond James Financial raised their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.24.

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.