V Square Quantitative Management LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,129 shares of the technology company’s stock, valued at approximately $170,000.
Several other hedge funds and other institutional investors have also made changes to their positions in HPE. Janiczek Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 7.4% in the second quarter. Janiczek Wealth Management LLC now owns 8,957 shares of the technology company’s stock valued at $151,000 after purchasing an additional 616 shares during the last quarter. ETF Managers Group LLC grew its position in shares of Hewlett Packard Enterprise by 1.5% in the 1st quarter. ETF Managers Group LLC now owns 43,917 shares of the technology company’s stock valued at $700,000 after buying an additional 655 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Hewlett Packard Enterprise by 3.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after acquiring an additional 712 shares in the last quarter. Aspen Grove Capital LLC lifted its position in Hewlett Packard Enterprise by 6.9% in the first quarter. Aspen Grove Capital LLC now owns 11,154 shares of the technology company’s stock valued at $179,000 after acquiring an additional 721 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Hewlett Packard Enterprise by 0.8% in the second quarter. Ritholtz Wealth Management now owns 88,803 shares of the technology company’s stock valued at $1,492,000 after acquiring an additional 746 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.
Analyst Ratings Changes
HPE has been the subject of several research reports. Bank of America boosted their target price on Hewlett Packard Enterprise from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, August 30th. Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 30th. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, August 30th. Credit Suisse Group decreased their price target on shares of Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.33.
Hewlett Packard Enterprise Stock Down 0.7 %
Shares of NYSE HPE opened at $16.72 on Monday. The firm’s 50-day moving average is $17.22 and its two-hundred day moving average is $16.24. The company has a market capitalization of $21.45 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.97 and a beta of 1.22. Hewlett Packard Enterprise has a 12-month low of $12.06 and a 12-month high of $18.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.65.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.99 billion. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. Hewlett Packard Enterprise’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.43 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.87%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 58.54%.
Insider Buying and Selling
In other news, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the completion of the sale, the senior vice president now owns 615 shares of the company’s stock, valued at $10,860.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Alan Richard May sold 343,016 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the completion of the transaction, the executive vice president now owns 249,511 shares of the company’s stock, valued at $4,361,452.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 21,131 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total transaction of $373,173.46. Following the completion of the transaction, the senior vice president now owns 615 shares in the company, valued at approximately $10,860.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 799,031 shares of company stock worth $13,970,865. 0.53% of the stock is owned by insiders.
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.
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