Assenagon Asset Management S.A. decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 57.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,006,422 shares of the technology company’s stock after selling 1,339,670 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Hewlett Packard Enterprise worth $16,062,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in HPE. DNB Asset Management AS grew its position in Hewlett Packard Enterprise by 6.7% in the 4th quarter. DNB Asset Management AS now owns 294,499 shares of the technology company’s stock valued at $4,700,000 after buying an additional 18,386 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $353,000. Independence Bank of Kentucky acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. Insight Wealth Strategies LLC raised its stake in Hewlett Packard Enterprise by 5.5% in the 4th quarter. Insight Wealth Strategies LLC now owns 114,803 shares of the technology company’s stock valued at $1,832,000 after purchasing an additional 6,007 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at about $787,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on HPE shares. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. Loop Capital increased their target price on Hewlett Packard Enterprise from $14.00 to $17.00 in a research report on Monday, December 5th. JPMorgan Chase & Co. increased their price target on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 20th. Finally, Credit Suisse Group boosted their price objective on Hewlett Packard Enterprise to $19.00 in a research note on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $16.77.
Hewlett Packard Enterprise Price Performance
NYSE HPE opened at $14.43 on Thursday. The company has a market cap of $18.70 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.15 and a beta of 1.23. Hewlett Packard Enterprise has a 1 year low of $11.90 and a 1 year high of $17.66. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $15.68 and a 200 day simple moving average of $14.92.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $7.81 billion during the quarter, compared to the consensus estimate of $7.40 billion. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.3 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Thursday, March 16th. Hewlett Packard Enterprise’s dividend payout ratio is currently 73.85%.
Insider Activity at Hewlett Packard Enterprise
In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $16.50, for a total value of $82,500.00. Following the sale, the executive vice president now directly owns 34,764 shares in the company, valued at $573,606. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas E. Black, Jr. sold 34,088 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total value of $513,024.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,621 shares of company stock worth $12,178,761. Company insiders own 0.53% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
See Also
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