Park Avenue Securities LLC increased its stake in Hewlett Packard Enterprise by 11.4% during the first quarter, owning 21,840 shares worth $387,000. Several hedge funds also increased their holdings in HPE recently, including Raymond James & Associates, Mackenzie Financial Corp, and TCW Group Inc. Analyst ratings for HPE have been positive, with price target increases and buy ratings from various firms. The stock currently has an average rating of “Hold” with a target price of $21.08.
Hewlett Packard Enterprise’s stock on the NYSE opened at $21.17 on Friday, with a 50-day moving average of $18.74. The company’s recent earnings report beat expectations, with earnings per share of $0.42 and revenue of $7.2 billion. HPE also announced a quarterly dividend of $0.13 per share, with a payout ratio of 37.96%. Internal activity included shares sold by SVP Jeremy Cox and CEO Gerri Gold.
Hewlett Packard Enterprise operates in six segments, providing solutions for data analysis across various regions. To see which other hedge funds own HPE stock, visit HoldingsChannel.com for the latest filings and insider transactions. Stay updated on Hewlett Packard Enterprise by signing up for MarketBeat’s free daily email newsletter.
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