Bessemer Group Inc. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,786 shares of the technology company’s stock after buying an additional 4,154 shares during the period. Bessemer Group Inc.’s holdings in Hewlett Packard Enterprise were worth $722,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after purchasing an additional 693 shares during the period. Montgomery Investment Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after buying an additional 700 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 25,655 shares of the technology company’s stock valued at $455,000 after buying an additional 714 shares in the last quarter. Cozad Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.5% in the 1st quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company’s stock valued at $2,575,000 after buying an additional 756 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 31.2% in the 4th quarter. Addison Advisors LLC now owns 3,366 shares of the technology company’s stock valued at $57,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were 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 owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 over the last three months. 0.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
HPE has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein upped their target price 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. Evercore ISI upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Barclays upped their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.08.
Get Our Latest Analysis on HPE
Hewlett Packard Enterprise Stock Performance
Shares of NYSE HPE opened at $19.76 on Friday. The business has a fifty day simple moving average of $20.19 and a 200 day simple moving average of $17.85. 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 firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.81 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. Hewlett Packard Enterprise’s payout ratio is 37.96%.
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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