Nomura Holdings Inc. acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,941 shares of the technology company’s stock, valued at approximately $491,000.
Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its position in Hewlett Packard Enterprise by 7.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after purchasing an additional 666 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 3.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after acquiring an additional 693 shares during the last quarter. Montgomery Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 2.9% during the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after acquiring an additional 700 shares in the last quarter. IMPACTfolio LLC raised its holdings in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 31.2% during the 4th quarter. Addison Advisors LLC now owns 3,366 shares of the technology company’s stock worth $57,000 after purchasing an additional 800 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, June 7th. Susquehanna boosted their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Bank of America increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $20.85.
Get Our Latest Research Report on HPE
Hewlett Packard Enterprise Trading Down 2.6 %
Shares of HPE stock opened at $20.92 on Friday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $18.35 and its two-hundred day moving average is $17.16. The company has a market capitalization of $27.19 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 3.15 and a beta of 1.18.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. Hewlett Packard Enterprise’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.
Insider Activity
In related news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total transaction of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 36,671 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the sale, the executive vice president now directly owns 111,054 shares in the company, valued at approximately $2,277,717.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The disclosure for this sale can be found here. Insiders sold 158,464 shares of company stock valued at $3,160,866 in the last three months. 0.40% of the stock is currently owned by company 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.
Featured Stories
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE – Free Report).
Receive News & Ratings for Hewlett Packard Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.
