Czech National Bank increased its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,786 shares of the technology company’s stock after purchasing an additional 19,050 shares during the quarter. Czech National Bank’s holdings in Hewlett Packard Enterprise were worth $5,246,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the period. Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $35,000. American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% during the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares during the period. Founders Financial Alliance LLC increased its stake in shares of Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after purchasing an additional 851 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Barclays raised 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. Bank of America lifted their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, June 21st. UBS Group increased their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.08.
Read Our Latest Stock Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Hewlett Packard Enterprise stock opened at $17.19 on Tuesday. The firm has a fifty day simple moving average of $20.17 and a two-hundred day simple moving average of $18.06. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a market capitalization of $22.34 billion, a PE ratio of 12.55, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share 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 company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $0.32 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. Research 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. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the sale, the executive vice president now owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 in the last three months. 0.40% 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.
See Also
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.
