Evoke Wealth LLC Has $35,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Evoke Wealth LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 125.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,221 shares of the technology company’s stock after buying an additional 1,234 shares during the period. Evoke Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of HPE. Financial Management Professionals Inc. grew its position in Hewlett Packard Enterprise by 155.9% in the 4th quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock worth $26,000 after purchasing an additional 985 shares during the last quarter. Elmwood Wealth Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Hewlett Packard Enterprise by 47.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company’s stock valued at $45,000 after acquiring an additional 919 shares in the last quarter. JJJ Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 44.4% during the 4th quarter. JJJ Advisors Inc. now owns 3,749 shares of the technology company’s stock valued at $59,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Ironwood Wealth Management LLC. boosted its position in shares of Hewlett Packard Enterprise by 52.8% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 4,186 shares of the technology company’s stock valued at $61,000 after acquiring an additional 1,447 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Shares of NYSE HPE opened at $16.09 on Thursday. Hewlett Packard Enterprise has a 1-year low of $12.99 and a 1-year high of $17.76. The company has a market cap of $20.92 billion, a PE ratio of 5.79, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $16.24 and a two-hundred day moving average of $15.99.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last announced its earnings results on Tuesday, March 1st. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.15. Hewlett Packard Enterprise had a net margin of 13.32% and a return on equity of 20.07%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 11th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, March 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 17.27%.

Several analysts have recently weighed in on HPE shares. Sanford C. Bernstein upgraded shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Wednesday, March 2nd. StockNews.com started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, March 31st. They set a “buy” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $20.00 in a research report on Thursday, January 20th. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Wednesday, March 2nd. Finally, KGI Securities initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, April 19th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.64.

About Hewlett Packard Enterprise (Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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