Great West Life Assurance Co. Can purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,927,644 shares of the technology company’s stock, valued at approximately $23,088,000. Great West Life Assurance Co. Can owned approximately 0.15% of Hewlett Packard Enterprise at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Cowa LLC increased its stake in Hewlett Packard Enterprise by 14,778.9% during the 1st quarter. Cowa LLC now owns 2,594,739 shares of the technology company’s stock valued at $434,000 after purchasing an additional 2,577,300 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Hewlett Packard Enterprise by 1,117.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,346,092 shares of the technology company’s stock valued at $28,106,000 after purchasing an additional 2,153,397 shares in the last quarter. State Street Corp increased its stake in Hewlett Packard Enterprise by 2.9% during the 1st quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock valued at $1,183,418,000 after purchasing an additional 1,959,250 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock worth $2,549,380,000 after acquiring an additional 1,824,331 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 166.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,409,259 shares of the technology company’s stock worth $31,561,000 after acquiring an additional 1,505,584 shares in the last quarter. Institutional investors own 81.36% of the company’s stock.
Hewlett Packard Enterprise Price Performance
NYSE HPE opened at $16.45 on Tuesday. The company has a market cap of $21.09 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.76. The company has a quick ratio of 0.66, a current ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $15.94 and its two-hundred day simple moving average is $14.35.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released its quarterly earnings data on Tuesday, November 29th. The technology company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.62). The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.42 billion. Hewlett Packard Enterprise had a net margin of 3.05% and a return on equity of 4.26%. Research analysts predict that Hewlett Packard Enterprise will post 1.45 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Tuesday, December 13th. Hewlett Packard Enterprise’s dividend payout ratio is presently 72.73%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HPE. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $17.00 in a research note on Monday, December 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a research note on Wednesday, November 30th. Barclays lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a research note on Tuesday, January 10th. Susquehanna Bancshares upped their target price on shares of Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Finally, KGI Securities lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.00.
Insider Activity
In other news, SVP Jeremy Cox sold 10,065 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total transaction of $161,040.00. Following the sale, the senior vice president now directly owns 28,991 shares in the company, valued at $463,856. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Jeremy Cox sold 10,065 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total transaction of $161,040.00. Following the sale, the senior vice president now directly owns 28,991 shares in the company, valued at $463,856. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Neil B. Macdonald sold 2,452 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $13.60, for a total value of $33,347.20. Following the sale, the executive vice president now owns 9,360 shares in the company, valued at $127,296. The disclosure for this sale can be found here. Insiders have sold a total of 338,197 shares of company stock worth $5,355,072 over the last ninety days. Company insiders own 0.45% of the company’s stock.
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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