Comerica Bank increased its position in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 36.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 266,326 shares of the technology company’s stock after purchasing an additional 71,267 shares during the quarter. Comerica Bank’s holdings in Hewlett Packard Enterprise were worth $4,722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 12.3% during the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after buying an additional 517,734 shares during the period. Sei Investments Co. grew its holdings in Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after purchasing an additional 475,397 shares during the period. Mackenzie Financial Corp increased its stake in shares of Hewlett Packard Enterprise by 17.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after purchasing an additional 232,150 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 5.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after purchasing an additional 196,112 shares during the last quarter. Finally, Guidance Capital Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $931,000. 80.78% of the stock is currently owned by institutional investors.
Hewlett Packard Enterprise Stock Performance
Shares of HPE opened at $18.03 on Friday. The firm has a market capitalization of $23.43 billion, a P/E ratio of 13.16, a PEG ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The business has a fifty day moving average of $20.29 and a 200 day moving average of $17.97.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.88%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.
Insider Transactions at Hewlett Packard Enterprise
In other news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock worth $2,850,108 in the last 90 days. 0.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HPE. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, June 7th. Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.08.
Read Our Latest Analysis on HPE
About Hewlett Packard Enterprise
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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